TCS - Old Support 2510-2535- Can it Support Again for 2600-2625
TCS got the contract for Rs 1,23,750 that doesn't mean that you will sit & don't work. Sitting idle & not working will make you lazy -that's the reason for its fall from 2708 highs.
It has revisited to 2510-2535 important zone as stated earlier. Holding this zone if it bounces above 2530 & crosses 2555 as well then it can touch 2600-2625 target zone.
Going below support zone of 2510-2535 or sustaining below that zone can put the stock in pressure.
Target Zone - 2600-2625 if bounces above 2555 -Best entry will be in the support zone as shown holding 2500 on downside.
Previous Update - TCS bags Channel Contract at Rs 1,23,750
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11:11 Hrs 18th June2017
Last Price@2399
It just went to 2547 below 2555 which was close -did not cross & continued it's fall.