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TATA CONSULTANCY SERV LTD
Long

TCS Analysis - Multi-Year Deal with Air France-KLM

By AngshumanSaikia
Trend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential.

Technical Signals:
  • EMA Support: Price bounced above key EMAs (20/50/100/200), showing strong support.
  • Volume Surge: High buying volume after the Air France-KLM deal indicates increased investor confidence.
  • RSI: Above 50, supporting bullish momentum.


Levels to Watch:
  • Support: ₹3,995.45 – Reliable base.
  • Immediate Resistance: ₹4,411.25
  • Final Target: ₹4,587.95 – Top of the channel.


Trade Setup:
  • Entry: On pullbacks or above ₹4,217.30.
  • Stop Loss: Below ₹3,995.45.
  • Target: ₹4,411.25 - ₹4,587.95.
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AngshumanSaikia
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