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Breakout in TCS
Cup and handle breakout in TCS on daily chart.
RSI is bullish ( above 60).
Price is above 55 EMA.
Nifty IT is making all time highs when nifty is making lower lows , so there is strong support of sector.
In last two days , there is huge increase in open interest ( long bulid up).
If it sustains above the breakout level , it can give us a good swing upto 3900.
RSI is bullish ( above 60).
Price is above 55 EMA.
Nifty IT is making all time highs when nifty is making lower lows , so there is strong support of sector.
In last two days , there is huge increase in open interest ( long bulid up).
If it sustains above the breakout level , it can give us a good swing upto 3900.
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