Tata Consultancy Services Limited – Technical Trading View

 

Tata Consultancy Services Limited – Technical Trading View

CMP: ₹2523

According to recent technical outlooks, the stock has immediate support around ₹2524 and resistance near ₹2613. A close below support may trigger further downside, while a breakout above resistance can lead to a fresh rally.

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📊 Trade Setup (Technical Levels)

Entry Zone: ₹2500 – ₹2550
Stop Loss: ₹2420

Targets:

• Target 1: ₹2610

• Target 2: ₹2680

• Target 3: ₹2800

Risk–Reward: Approx 1 : 2.3

Probability:

• Upside probability: 62%

• Downside probability: 38%

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📉 Trend Analysis

Short-Term View (1–15 Days)

• Trend: Sideways to slightly bullish

• Stock is trading near immediate support ₹2524 and resistance ₹2613.

• A breakout above ₹2610–₹2620 can trigger momentum buying.

Medium-Term View (1–3 Months)

• Trend: Neutral to bullish recovery

• If price sustains above ₹2680, the stock may move towards ₹2800–₹2950.

Long-Term View (6–12 Months)

• Trend: Bullish structure

• Large-cap IT stocks like TCS remain structurally strong due to strong global IT demand and stable fundamentals.

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📊 Key Support & Resistance

Major Support:

• ₹2524

• ₹2490

• ₹2435

Major Resistance:

• ₹2613

• ₹2668

• ₹2700

Trading range for the week is estimated roughly ₹2435 – ₹2700.

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📈 Technical Indicator View

• RSI: Near neutral zone → possible bounce.

• Moving Averages: Price near short-term support levels.

• Price Structure: Consolidation phase before breakout.

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✅ Strategy:

• Buy near ₹2500–₹2520 support zone.

• Add more quantity above ₹2610 breakout.

• Maintain strict stop loss below ₹2420.