TCS to make Cup and Handle to head higher
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TCS corrected with big red candle near the end of the day on Friday 18th Dec 2020
The gap created at opening was filled as well which are sign of bearishness.
It is expected another round of correction till
2785 which is 0.382 Fibonacci or 2750 which is 0.5 Fibonacci level
Then again next leg of rally will take place.
If TCS breaks 2898 level or gap up happens above this then it will be called Cup breakout.
In both cases TCS should head towards 3010-3040 levels
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
TCS corrected with big red candle near the end of the day on Friday 18th Dec 2020
The gap created at opening was filled as well which are sign of bearishness.
It is expected another round of correction till
2785 which is 0.382 Fibonacci or 2750 which is 0.5 Fibonacci level
Then again next leg of rally will take place.
If TCS breaks 2898 level or gap up happens above this then it will be called Cup breakout.
In both cases TCS should head towards 3010-3040 levels
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