Thursday, July 12

Infosys and TCS technical set up before Q1 results

IT twins TCS and Infosys will be declaring there Q1 results today, A close look at charts reveal the out performance by TCS and Under performance by INfy after the declaration of Q4 Results.
TCS has gaped up from 1074-1117 and is still holding the run away gap. After this formed a range from 1195-1295 and has been trading the same.

Technically TCS look ripe for correction as it has formed a Bearish Harami Candlestick pattern,

Sell below 1250 Tgt...



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