Currently the stock has discounted 11% from all time high levels.
TCS (Daily):
1. Stock has closed above 200 Days Exponential Moving Average
2. Increase in Buying Volumes since 3 days
3. Earlier resistance of 3400 levels is now acting as a very strong demand zone (as a support)
4. Formation of Double bottom pattern on a major demand zone (around 3400 levels)
5. Formed a Marubuzu candlestick pattern today
View Point:
1. Looks Bullish
Addl Points:
1. FII/FPI have decreased holdings from 15.37% to 14.98% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 3.11% to 3.32% in Dec 2021 qtr.
Notes:
1. The above analysis is just for educational purpose.
TCS (Daily):
1. Stock has closed above 200 Days Exponential Moving Average
2. Increase in Buying Volumes since 3 days
3. Earlier resistance of 3400 levels is now acting as a very strong demand zone (as a support)
4. Formation of Double bottom pattern on a major demand zone (around 3400 levels)
5. Formed a Marubuzu candlestick pattern today
View Point:
1. Looks Bullish
Addl Points:
1. FII/FPI have decreased holdings from 15.37% to 14.98% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 3.11% to 3.32% in Dec 2021 qtr.
Notes:
1. The above analysis is just for educational purpose.