RSI Convergance spotted in TCS Daily timeframe.

As the title suggests, in daily timeframe of TCS there is a RSI convergence.
From 1st L H point TCS is falling but RSI is not making lower lows, rather RSI is making higher lows since June 25th.
And also 3000 price level is a support zone (Look at weekly chart).


Probably this stock is preparing for a short term up move, good swing opportunity.
First target would be 3200
and second target would be 3400.
Trailing SL is a must.

ความคิดเห็น:

Convergance worked perfectly.