TCS has overall uptrend for last 3 weeks. It has created bearish engulfing pattern, where bearish candle has fully engulfed earlier day bullish candle. Slight increase in trading volume is also witness for last 2 days. This scenario is indicating bearish outlook for TCS in coming days. Its advisable to take short position if it goes below 2576 as entry price. Keep stoploss at 2709. Target price is 2443.
TCS created Bearish Engulfing Pattern
