As the title suggests, in daily timeframe of TCS there is a RSI convergence.
From 1st L H point TCS is falling but RSI is not making lower lows, rather RSI is making higher lows since June 25th.
And also 3000 price level is a support zone (Look at weekly chart).
Probably this stock is preparing for a short term up move, good swing opportunity.
First target would be 3200
and second target would be 3400.
Trailing SL is a must.
From 1st L H point TCS is falling but RSI is not making lower lows, rather RSI is making higher lows since June 25th.
And also 3000 price level is a support zone (Look at weekly chart).
Probably this stock is preparing for a short term up move, good swing opportunity.
First target would be 3200
and second target would be 3400.
Trailing SL is a must.
Nota
Convergance worked perfectly.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.