TCS today opened gap down on lower than expected quarterly result. Stock traded with high volume today compared to its average daily volume and broke 20 DMA, but it took support at 50 DMA at 1019. On daily chart TCS is in downtrend as it could not break its trend line. Both stochastic and RSI have given bearish crossover and current momentum should take it to 1000. One should also keep stop loss od 1055.
CMP as on today is 1033
