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TCS - Topped out ?
After a long uptrend, TCS TCS appears to have formed a Double Top today, facing stiff resistance around 3600 levels.
I can also see a Bearish engulfing candle at the top with RSI showing negative divergence.
Took short positions today with a target in the 3150 – 3200 zone.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
TCS appears to have formed a Double Top today, facing stiff resistance around 3600 levels.I can also see a Bearish engulfing candle at the top with RSI showing negative divergence.
Took short positions today with a target in the 3150 – 3200 zone.
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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