TCS Analysis - Multi-Year Deal with Air France-KLM
Trend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential.
Technical Signals:
Levels to Watch:
Trade Setup:
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.
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.