April 11, 2018

Nifty IT & TCS Breakout

 

On weekly chart prices are still trading below Important Gann Angle, but on daily charts today it has given breakout above Important gann angle

Any daily close above 12876 and Weekly close above Important 1*1 Angle will indicate higher prices on short-term basis

 

Let’s take look at Tata Consultancy Chart (TCS), as we have something Interesting over there…

 

 

Prices on daily today has given Breakout above Important Angle, which indicates higher prices but if we move forward on Weekly chart it shows resistance at 3041

Any Weekly close above 3041 will consider as medium term trend change and move of 6%-10% can be seen.

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