After a seemingly never ending rally, looks like TCS 
TCS is taking some break near 2000 levels.
IT
CNXIT in general looks in profit booking mode and with dollar coming off from all time high, we could see further fall in heavyweights like TCS , Infosys, Wipro at least for the time being.
I can see that TCS formed a Double top around 2015 with a negative divergence and it has broken the neckline at 1972 levels.
It broke the trendline as well on Friday.
Looks like the stock is heading towards 1883.
Good opportunity to short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
TCS is taking some break near 2000 levels.IT
CNXIT in general looks in profit booking mode and with dollar coming off from all time high, we could see further fall in heavyweights like TCS , Infosys, Wipro at least for the time being.I can see that TCS formed a Double top around 2015 with a negative divergence and it has broken the neckline at 1972 levels.
It broke the trendline as well on Friday.
Looks like the stock is heading towards 1883.
Good opportunity to short here with a small stop loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。