TCS - Heading Down

27 thg 12, 2019

TCS is currently testing its support of 2200, and has closed below it today. I use Vix Fix along with On Balance Volume to see the trend. Here the OBV is decreasing while the Vix is increasing - clear indication of Share sliding down. Further confirmation is taken using a setup of Stochastic Momentum and Awesome Oscillator. Stochastic shows the beginning of down trend, further confirmed by the Awesome going Red.

First stop from here should be 2130, thats where the support lies, which if broken should 2100 soon. TCS