TCS: AS long as staying below 2160 , scrip heading towards the GAP area 2040 in coming weeks.
Down move from 2266 to 2108 is having Impulse structure.
Now after correcting .618 FR of this down move at around 2182, scrip again breaking down.
Likely to move down to 2100-2095 range first , then towards 2040 level in coming days.
SL for short for the time being is above 2165.
Validity : As long as scrip holds below 2190.
DISCLAIMER: I am not a Qualified Technical analyst , please do your own analysis before taking any investment decisions.
Down move from 2266 to 2108 is having Impulse structure.
Now after correcting .618 FR of this down move at around 2182, scrip again breaking down.
Likely to move down to 2100-2095 range first , then towards 2040 level in coming days.
SL for short for the time being is above 2165.
Validity : As long as scrip holds below 2190.
DISCLAIMER: I am not a Qualified Technical analyst , please do your own analysis before taking any investment decisions.