TCS SPOT CMP :- 3366
Counter is trading around resistance zone as per descending parallel channel formation.
counter might face resistance in zone 3364 to 3381 levels,
this range should be used to exit your long positions,
view gets negated above 3422 levels,
fresh investment recommended above 3425 on daily closing basis,
down side counter might retrace upto levels of 3200-3150
Time to be cautious on long side..
Counter is trading around resistance zone as per descending parallel channel formation.
counter might face resistance in zone 3364 to 3381 levels,
this range should be used to exit your long positions,
view gets negated above 3422 levels,
fresh investment recommended above 3425 on daily closing basis,
down side counter might retrace upto levels of 3200-3150
Time to be cautious on long side..