TCS trade ideas
TCS "TRIPLE TOP" will it break it!!?NSE:TCS TCS is currently trading in a range of 1500-1900 but the POSITIVE thing is that it is having HIGHER LOWS which increases the probability of breakout above1900 and it has also formed TRIPLE TOP at 1900 which makes a stronger resistance to break. IF it doesn't break 1900 it may take support again at 1800 and next support is at 1700. According to me the probability of TCS breaking 1900 is higher.
TCS - Expecting good bounce back TCS is currently on major / long terms support line. any break in this current level makes major fall in TCS - watch it and add to list.
Considering all global markets closed +ve yesterday, we can expect good bounce back.
Also current level 2000 (Whole number) generally act as good support levels - watch it.
Keep watching