Thursday, July 13, 2017

Resistance @ 9895 - 9910

Dear All,

>>> Nifty 5 Mins Chart <<<

>>> Click the chart to see on full screen <<<

As per above 5 mins chart - 9895 and 9910 if not crossed and if breaks below the wedge - Expect some meaningful correction.

>>> TCS - Weekly Chart <<<

>>> Click the chart to see on full screen <<<

TCS today announced Results with Lower than expected Profits and operational numbers. So far price moving as ABCDE on Weekly Chart - showing a good consolidation. If the market doesn't like this Number, and Price unable to cross above 2515,2560 & 2620 - Expect a serious correction in coming days. We don't have any position in TCS. Cheers!!!