TCS BULLISH DIVERGENCE TRADE SIGNAL - BUY
(a) TCS has formed a strong bullish divergence pattern on the daily chart indicating bullish movement
(b) It has also CROSSED OVER 200 SMA recently making the likelihood of the bullish movement even more stronger
(c) On top of that it has also broken out of the resistance NECKLINE of the recently formed HEAD & SHOULDER pattern which it had earlier respected & had tested a few days ago
(d) All these above mentioned patterns are indicating that tcs is ready for a ride upwards
(b) It has also CROSSED OVER 200 SMA recently making the likelihood of the bullish movement even more stronger
(c) On top of that it has also broken out of the resistance NECKLINE of the recently formed HEAD & SHOULDER pattern which it had earlier respected & had tested a few days ago
(d) All these above mentioned patterns are indicating that tcs is ready for a ride upwards
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Although i initially failed to notice but there had been Double Bottom formed on the daily chart and its TP was till the high formed on 29th may, hence TP has been reached and trade closed