We have witnessed hanging man pattern in TCS. Also the stock is at overbought area continuously for 10 days, whenever this stock crosses overbought or over sold area it tend to reverse the position from there. In the given scenario this is expected. Although we have witnessed sudden spike in volume on 13th March 2018, the stock did not fall further instead it gained strength with limited number of buyers after the spike. In case going forward there is increase in volume, then there might be chances of stock going down.
