TCS Set for Major Breakout as It Tests Key Resistance Levels
✅ **The stock** has been trading within an ascending channel supported by a strong 4.6-year-old trendline, indicating consistent bullish momentum.
✅ **Recently, TCS** is testing a crucial 3-year-old resistance level at ₹4300. A breakout above this level can signal the start of a significant upside movement, potentially leading to new highs.
✅ **The 100 EMA** is acting as strong support, helping to maintain the bullish structure. The stock remains above this key moving average, which aligns with the lower trendline support, making it a solid area for accumulation.
✅ **Watch for** a breakout above ₹4300. If TCS sustains above this level, it may rally further.
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Join our community in telegram for real time updates --- telegram.me/marketiik
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.