June 13, 2019 / 4:27 AM / 4 months ago

BUZZ-India's TCS hits record high; chart suggests more upside

** Shares of India’s top software services exporter Tata Consultancy Services Ltd gain nearly 1% to a record high of 2,282.70 rupees

** The largest listed Indian company by market value breaks above a resistance at 2,261.75 rupees, the 50% Fibonacci projection level of the uptrend from Jan 15 low to April 30 high tmsnrt.rs/2RcUEl4

** Breakout suggests that in a couple of days stock may test the next resistance at 2,316.26 rupees, the 61.8% projection level

** Trend Intensity (TI) indicator rises to 19, suggests prices are trending upwards

** MACD is positive and above its signal line, seen favorable

** Stock up 19.4% this year as of last close, outperforming the broader NSE Index’s 9.6% gains in the same period (Reporting by Gaurav Dogra)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below