Ultratech Cement, TCS Technical Outlook Today

Ultratech Cement, TCS Technical Outlook In the present day

Photograph: PTI

New Delhi: The NIFTY closed within the inexperienced in Monday’s session after opening a spot from the earlier shut. We check out two shares which can be near breakout ranges – one on the upside, the opposite on the draw back. Each large-cap shares, Tata Consulting Providers (TCS) closed greater on January 18, 2023. Alternatively, cement main Extremely Tech Cement is on the draw back of the chart.

TCS technical outlook as we speak

Within the session ending January 23, 2023, TCS closed at 3414.90, up 1.54 % from its earlier session and above short-term resistance on the day by day charts. The inventory, which recovered from a pointy decline on January 10 on elevated quantity, is buying and selling above the 5 and 10 shopper transferring averages (EMAs). On the upside, the RSI additionally appears to be like set to interrupt above 60 after remaining beneath stress since December 2022.

The continued growth could also be seen within the backdrop of TCS Q3FY23 outcomes introduced on January 10. TCS’s internet revenue rose 4 % to Rs 10,846 crore within the quarter. This was decrease than the estimated determine of Rs 11,200 crore. TCS additionally declared a particular dividend of Rs 67 per share and an interim dividend of Rs 8 per share.

Extremely Tech Cement Technical view as we speak

Cement main Extremely Tech Cement had a pointy downward transfer on Monday. The inventory nosedived 4.56 % because it shaped an extended pink candle on the day by day charts. The transfer is supported by a robust brief formation at the same time as the value closed beneath the earlier low of 6889.15. On Monday, Extremely Tech Cement closed at 6849.75. The value motion was seen replicated within the RSI, which closed beneath 40 and, extra importantly, beneath the earlier low of 44.

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