Technical Analysis:Bajaj Auto,TCS and Bata India

Bata India

Negative divergence is visible in bata and it has been a strong stock. Unable to cross above 870 is first sign of weakness. Divergene to show it effect bata needs to close below 825.

Sell below 825 Tgt 818,809 and 796

Buy above 838 Tgt 847,856 and 866

TCS

Double Top Formation in TCS at 1235.

Sell below 1218 Tgt 1205,1194 and 1177

 

Bajaj Auto

 

Taking Support at trendline channel and resistance in range of 1528-1532.

Buy above 1533 Tgt 1540,1562 and 1580

Sell below 1506 Tgt 1483,1470 and 1450

 

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