TCS - Price Action Analysis NSE:TCS is soon to Fill-up their gap but there is a plot.
As you can see the previous day was created as shooting star candle which indicate sellers would not allow to go price further and also you can see it has touched 61.8% of Fibonacci level at 3757. So both scenario strongly says that price could take reversal.
But any Gap up above 3557 leads price up to 3800 and any gap down below previous day candle leads price to 3615.
BUY : Buy above 3557 or wait till if price corrects up to S1 (3614-3641)
SELL : short trade might not recommended but if any support breaks you can take it or you can play reversal at resistance after confirmation candle occurs.
