TATA Consultancy (TCS) May Fall, It can be Shorted 24/02/2021

BitonGroup Pro Updated   
Tata Consultancy Services Limited ( TCS ) is engaged in providing information technology (IT) services, digital and business solutions. The Company's segments include banking, finance and insurance services (BFSI); manufacturing; retail and consumer packaged goods ( CPG ); telecom, media and entertainment, and others, such as energy, resources and utilities, hi-tech, life science and healthcare, s-Governance, travel, transportation and hospitality, and other products . Its services portfolio consists of IT and assurance services, business intelligence and performance management, business process services, cloud services, connected marketing solutions, consulting, engineering and industrial services, enterprise solutions, IT infrastructure services, mobility products and services and platform solutions. Its software offerings include Digital Software and Solutions, TCS BaNCS and TCS MasterCraft, among others. It serves industries, including insurance , healthcare, retail, telecom and others.

as we can see the price was in a bullish channel and it has now broken the lower boundary of the same channel
there exist bearish Divergence with MACD and MACD Histogram which is the sign of trend reversal and we can be sure after some candle confirmation that this Ticker is going to fall if the Channel break is confirmed by some candle pattern.
as of now we can have an eye on it for shorting it after some confirmation
Trade closed: stop reached


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