1. Key Zones
Demand Zone: ₹2,850 – ₹3,000
Supply Zone: ₹3,600 – ₹3,720
2. Structure
Price has bounced strongly from the major weekly demand zone.
The descending trendline is broken, indicating a potential shift in momentum.
Price is now retesting the breakout zone for support.
3. Possible Move
If buyers hold above the ₹3,000–₹3,100 region:
→ Upside targets: ₹3,450 → ₹3,600 → ₹3,720
If price loses the ₹2,850–₹3,000 demand zone, weakness can resume.
4. Summary
TCS is showing early signs of a trend reversal after breaking the falling trendline.
Holding above the retest zone may lead to a push toward the upper supply area.
⚠️ Disclaimer
This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk.
Demand Zone: ₹2,850 – ₹3,000
Supply Zone: ₹3,600 – ₹3,720
2. Structure
Price has bounced strongly from the major weekly demand zone.
The descending trendline is broken, indicating a potential shift in momentum.
Price is now retesting the breakout zone for support.
3. Possible Move
If buyers hold above the ₹3,000–₹3,100 region:
→ Upside targets: ₹3,450 → ₹3,600 → ₹3,720
If price loses the ₹2,850–₹3,000 demand zone, weakness can resume.
4. Summary
TCS is showing early signs of a trend reversal after breaking the falling trendline.
Holding above the retest zone may lead to a push toward the upper supply area.
⚠️ Disclaimer
This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk.
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.
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.