Saturday, January 8, 2011

TCS Creates Bearish signal in Candlestick Chart

In todays (07-Jan-2011) trade TCS has formed bearish signal in both daily & weekly Candlestick charts.

In recent days TCS has lead IT packs rally. There was a gap-up on Oct-22, from their stock has rallied close to 25%. Today It creates bearish engulfing line, followed by two dark cloud cover pattern. The bearish engulfing pattern is formed in weekly chart as well...

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