Technical: TCS is currently at support of the weekly rising channel. Daily chart is not looking that good with RS below zero and selling happening with volumes. Unfilled Gap is there between 2500-2600 levels with 100 EMA also present at those levels therefore it could come to those levels to fill the gap before moving up again.
Fundamental: This week could be important for TCS considering the Dollar strengthening and IT companies doing well. Apart from that its peers i.e. Wipro and Infosys have come up with good results so the premium TCS commands could fade away.
View: Time to be cautious now with TCS.
Note: This is not a trade advice.
Fundamental: This week could be important for TCS considering the Dollar strengthening and IT companies doing well. Apart from that its peers i.e. Wipro and Infosys have come up with good results so the premium TCS commands could fade away.
View: Time to be cautious now with TCS.
Note: This is not a trade advice.