Sunday, December 29, 2013

TCS technical chart

Hi friends,
                   Today would discuss TCS chart a IT heavy weight which is in secular bull
mode since 2009 .
I wanted to show how parallel channel works brilliantly at times,You can see how channel
top regularly successfully resisted 3 times ,This is most simple but usually most reliable
support and resistance tool.
 Technically looking at chart it brokeout from a small triangle now as long as it holds 200-1980
a new high to 2300 is possible even more can look at structure once it reaches there.



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