What does tech chart indicate for TCS and Infosys ahead of Q3 nos?

The Nifty IT index appears strong as it has managed to hold 200-day moving average (DMA) on the daily chart. The said moving average is rising continuously taking the prices higher with every new trading session. Every dip below 200-DMA has witnessed buying for short-term trading, the chart suggests.

Currently, the 100-DMA is witnessing resistance as the price could not procure follow-up buying. On October 30, 2018, the index climbed above 14,821 after breaking 13,870, its 200-DMA; however, it failed to move higher as the immediate session closed in the negative zone. Thereon, the stock has recovered, hitting 15,062 -