25 October 2010

TCS (BUY): technical tip by Indiabulls research

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TCS (BUY)
Particulars Rs.
CMP 1040.20
Target Price 1050/1065/1080
Stop Loss 1020
Support-Resistance 995/1100
Comment
􀂃 RSI is at 69 moving into overbought territory showing
positive crossover indicating uptrend.
􀂃 Stochastic is hovering in overbought showing positive
crossover suggesting upside.
􀂃 Today stock has also broken its 52 week high supported
with volume indicating further upside.
􀂃 Stock next resistance level seems at 1100 if its break
then stock could rise up to 1130.

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