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Tata Consultancy Services Limited

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TCS trade ideas

TCS trendline retest Tata Consultancy Services (TCS) is a leading global IT services and consulting company. Here's a detailed analysis of TCS's stock performance, focusing on the daily timeframe and recent trendline retests: **Current Stock Price:** As of February 14, 2025, TCS's share price is ₹3,934.85, reflecting a 0.63% increase from the previous day. citeturn0search0 **Recent Performance:** - **1-Month Return:** The stock has declined by 7.04% over the past month. citeturn0search7 - **1-Year Return:** Over the last year, TCS's stock has decreased by 4.03%. citeturn0search7 **Technical Analysis:** - **Trendline Retest:** TCS's stock has recently retested a significant trendline on the daily chart. This trendline has historically acted as a support level, and the recent retest suggests a potential for the stock to rebound if it holds above this line. Traders should monitor the stock's price action around this trendline to assess the likelihood of a sustained upward movement. - **Support and Resistance Levels:** Key support is identified near ₹3,900, with resistance around ₹4,200. A break above ₹4,200 could signal a bullish trend, while a fall below ₹3,900 may indicate further downside. - **Technical Indicators:** The Relative Strength Index (RSI) is currently at 45, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) line is above the signal line, suggesting a potential bullish crossover. However, these indicators should be used in conjunction with price action for a comprehensive analysis. **Analyst Insights:** - **Price Target:** Analysts have set a price target of ₹5,620 for TCS, indicating a potential upside of approximately 42% from the current price. citeturn0search0 - **Dividend Yield:** TCS offers a dividend yield of 1.86%, reflecting a commitment to returning value to shareholders. citeturn0search7 **Conclusion:** TCS's stock is currently testing a critical trendline support on the daily chart. Investors should monitor the stock's price action around this level to assess the potential for a rebound. While technical indicators suggest a neutral to slightly bullish outlook, it's essential to consider broader market conditions and company fundamentals when making investment decisions. *Please note that stock market investments carry inherent risks. It's advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*
NSE:TCSLong
by Ashwani123
TCS Apply That Chart In Your Mind Accumulate On VWAP Tata Consultancy Services (TCS) is an Indian multinational technology company specializing in information technology (IT) services and consulting. Established in 1968 and headquartered in Mumbai, Maharashtra, TCS is a subsidiary of Tata Sons Pvt Ltd and operates in 150 locations across 46 countries. **Services and Solutions:** TCS offers a comprehensive range of services, including: - **IT Infrastructure Services** - **Engineering and Industrial Services** - **Business Intelligence** - **Business Process Outsourcing** - **Consulting Services** - **Cloud Services** - **Quality Engineering** - **Blockchain** - **Enterprise Solutions** - **Internet of Things (IoT)** These services cater to various industries such as finance and banking, insurance, telecommunications, transportation, retail, manufacturing, pharmaceuticals, and utilities. **Financial Performance:** For the fiscal year ending March 31, 2024, TCS reported consolidated revenues of US$29.1 billion. **Workforce:** As of September 2024, TCS employed approximately 612,724 individuals, making it one of the largest employers globally. **Leadership:** - **Chairman:** Natarajan Chandrasekaran - **Managing Director & CEO:** K. Krithivasan **Market Position:** TCS is the second-largest Indian company by market capitalization and was ranked seventh on the Fortune India 500 list in 2024. In September 2021, TCS became the first Indian IT company to achieve a market capitalization of US$200 billion. **Sponsorships and Community Engagement:** TCS actively sponsors major marathons worldwide, including the Toronto Waterfront Marathon, London Marathon, Amsterdam Marathon, Mumbai Marathon, Lidingöloppet, and New York City Marathon. In India, it sponsors the World 10K held annually in Bangalore. Additionally, TCS conducts an annual IT quiz for high school students called TCS IT Wiz and sponsors Jaguar Racing in Formula E and Nakajima Racing in Super Formula. With a strong global presence and a diverse portfolio of services, TCS continues to be a leader in the IT services and consulting industry, driving innovation and transformation for businesses worldwide.
NSE:TCS
by TheGoldenFarmsofEquity
TCS Q3 Result on 9th January trading strategy The price is currently approaching the lower end of the channel, near support. The price is testing support near ₹4,000, a critical psychological and technical level. Volume appears relatively low, suggesting a lack of strong participation during the recent pullback. This could mean limited selling pressure. Support Levels: ₹4,000 (current level, coinciding with trendline support). ₹3,800 (next major support, below the trendline). Resistance Levels: ₹4,400 (immediate resistance). ₹4,600-₹4,800 (upper channel resistance). Suggested Trading Strategy ~ Long If the stock holds ₹4,000 and starts to reverse: Entry Point: Around ₹4,000–₹4,050. Stop-Loss: ₹3,950. Target Levels: ₹4,400 (initial) and ₹4,600 (secondary). Suggested Trading Strategy ~ Short If the stock breaks below ₹3,950: Avoid buying, and consider shorting with a target of ₹3,800. Stop-Loss: ₹4,050.
NSE:TCS
by Simplecharttraders
TCS Tested Demand Zone ObservedTCS is currently trading at ₹4090, near its tested demand zone between ₹4092.45 and ₹4024, established on 22nd November 2024. Since this zone has been tested previously, traders may exercise caution and monitor for additional confirmation signals before considering actions. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:TCSLong
by rush12799
Bullish Reversal - Inverse Head & Shoulders PatternInstrument: TATA Consultancy Services (TCS) - NSE Timeframe: 1 Hour Pattern : An Inverse Head and Shoulders pattern has formed, indicating a potential bullish reversal. Key Observations : The Inverse Head and Shoulders pattern is still forming, but entering early at the Right Shoulder can provide an improved risk-reward ratio Early Entry Plan: Entry: Near the Right Shoulder level at ₹4,080. Stop Loss: Below the Head level at ₹3,990 (key support). Target 1: ₹4,130 (Neckline resistance). Target 2: ₹4,280 (mid-term target). Target 3: ₹4,400 (pattern target). Rationale for Early Entry: Entering near the Right Shoulder minimizes the stop-loss distance while allowing for participation in the potential breakout. Risk-Reward Ratio: Early entry improves the ratio significantly compared to waiting for a neckline breakout. Indicators for Confirmation: RSI Divergence: Look for RSI to stay above 40 to confirm bullish momentum. Volume: Accumulation near the right shoulder level indicates stronger bullish interest. Caution: If price breaks below ₹3,990 (Head level), it invalidates the pattern.
NSE:TCSLong
by MyT_Trader
TCS Support & Resistance As of January 1, 2025, Tata Consultancy Services Limited (TCS) is trading at ₹4,114.10, reflecting a 0.47% increase from the previous close of ₹4,094.40. Support and Resistance Levels: Daily Support: ₹4,009.48 Daily Resistance: ₹4,117.38 Short-term Support: ₹4,153.41 Short-term Resistace: ₹4,315.60 These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum. Technical Indicators: Pivot Points: Standard Pivot Point: ₹4,145.82 Camarilla Pivot Point: ₹4,088.93 Fibonacci Pivot Point: ₹4,145.82 These pivot points can help identify potential reversal levels during intraday trading. Analyst Insights: According to , TCS is currently in a negative trend. They suggest that if you are holding short positions, continue to hold with a daily closing stop loss of ₹4,176. Fresh long positions can be initiated if TCS closes above ₹4,176 levels. Support levels are identified at ₹4,038, ₹3,981, and ₹3,930, while resistance levels are at ₹4,146, ₹4,197, and ₹4,254.
NSE:TCSLong
by EmpireCrown
TCS Support & Resistance As of December 30, 2024, Tata Consultancy Services Limited (TCS) is exhibiting the following technical levels: Support Levels: Immediate Support: ₹4,156.05 Short-Term Support: ₹4,168.41 Medium-Term Support: ₹4,131.00 Long-Term Support: ₹4,114.00 Resistance Levels: Immediate Resistance: ₹4,189.75 Short-Term Resistance: ₹4,189.82 Medium-Term Resistance: ₹4,198.00 Long-Term Resistance: ₹4,215.00 These levels are derived from recent market data and technical analysis. Traders and investors should monitor these levels closely, as they can provide insights into potential entry and exit points. However, market conditions can change rapidly, so it's advisable to conduct further analysis or consult with a financial advisor before making investment decisions.
NSE:TCSLong
by EmpireCrown
TCS Buying Opportunity▎Analysis of TCS Stock using Elliott Wave Theory Overview: TCS (Tata Consultancy Services) has recently formed an Ending Diagonal pattern in the 75-minute timeframe, indicative of a terminal impulse wave. This pattern suggests that the stock may be nearing the end of its current trend, and a reversal could be imminent. Elliott Wave Theory Context: According to Elliott Wave Theory, an Ending Diagonal typically occurs in the final wave of a trend (Wave 5). This pattern is characterized by converging trendlines and can signify exhaustion in buying or selling pressure. Traders often look for a reversal after such formations, particularly when combined with Fibonacci retracement levels. Fibonacci Retracement: Following the completion of the Ending Diagonal, TCS has retraced approximately 61.8% of its previous upward move. The 61.8% Fibonacci retracement level is considered a significant area for potential support, where aggressive traders might start to accumulate positions in anticipation of a reversal. For those who prefer a more conservative approach, waiting for the 81% retracement level could provide an additional margin of safety before entering a trade. This level often acts as a strong support zone and can offer better risk-reward ratios. Entry Points: • Aggressive Entry: Near the 61.8% Fibonacci retracement level. • Conservative Entry: Around the 81% Fibonacci retracement level. Stop Loss: As indicated in the accompanying chart, it is crucial to place a stop loss just below the recent swing low or beneath the 81% retracement level. This helps to manage risk effectively should the market move against the anticipated direction. ▎Conclusion: The current technical setup for TCS presents potential buying opportunities based on the Ending Diagonal formation and Fibonacci retracement levels. Traders should consider their risk tolerance and trading style when deciding on entry points and stop loss placements. As always, it is essential to conduct further analysis and confirm signals with additional indicators before making trading decisions. Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:TCSLong
by theprofityogi