tcs share price daily chart analysis
tcs share price last closed at 1492 with loss.on daily chart trading above 3 month average so short term trend and momentum is bullish for now.on chart tcs share week average is 1480 then month average is at 1465 while 3 month average is 1460 and last support on downside.on upside 1520 and 1550 are previous short term tops and resistance levels.on indicators cci and rsi in bullish zone but forming supply patterns.
tcs share price weekly chart analysis
tcs share on weekly chart showing gains in this week.trend and momentum is strong bullish and bullish breakout was in 2009 at 170 rupees level.
on weekly chart,tcs share 6 month average support is at 1425 and first major support on downside.1358 is 12 month average and 1240 is 2 years average and last support level for medium term investors.since oct 2011 tcs share trading above 12 month average and showing demand patterns.
on indicators,pattern is bullish and holding buy signal given at 1365.on upside 1580 and 1720 are medium term targets while on downside 1430 is weekly closing basis stoploss for medium term investors.
tcs share price monthly chart analysis
tcs share on monthly chart showing bull market and clear outperformance in good as well as bad time of market!!on chart 1140 is 3 years average level while 935 is 5 years average level.on indicators side looks some what overbought so expect some correction and new investors can enter near support for next big move.
for long term view 1140 is major level to watch on weekly closing basis.if closed below that and trade below it for 2-3 weeks then must exit long term investment.on upside 1830 and then 2175 are 2-3 years view target for tcs share.
tcs share price historical chart analysis
tcs share showing all time low at 55 rupee in 2004 while all time high was 1597 which is made in march 2013.in 9 year time frame given almost 3000% return and this show how bluechips turn into multibagger and how patience make profit.only finding right company to investment is the secret.