geekboi1337

TCS analysis

Long
NSE:TCS   TATA CONSULTANCY S
There are two cases for TCS on HTF!

Case -1
Right now it broke downtrend and retested 0.382 fibo level nicely if it broke then we will retest 0.236 fibo level or else we will see any time reverse from these two levels!

Case-2
As we can see that it is forming inverse H&S and sitting on top of 2nd shoulder if it will reverse from there and breaks the Neckline then it will retest the neckline and it will go upwards!

Right now-

OBV broke downtrend and retesting the trendline
RSI is sitting at good support of 40-41

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