TCS Status

Trend Overview
- Long-term uptrend: From 2013 to around 2021, TCS showed a strong bullish trajectory.
- Recent consolidation: Post-2021, the price has been range-bound, suggesting indecision or accumulation.

🔍 Key Technical Insights
1. Fibonacci Levels
These help identify potential support/resistance zones and price targets:
- Current price: ₹3,094 is hovering near the 0.382 retracement level (₹3,059.60), which often acts as a pivot.
- Support zones:
- ₹2,891.10 (0.5 level)
- ₹2,722.60 (0.618 level)
- ₹2,488.35 (0.786 level)
- Upside targets (if bullish momentum resumes):
- ₹3,763.60 (1.618 extension)
- ₹4,191.10 (2.0 extension)
- ₹5,085.10 (2.618 extension)
2. Support Levels
- ₹2,800: A strong horizontal support, tested multiple times.
- ₹2,310: Deeper support, possibly a long-term floor if broader correction occurs.
3. Buy/Sell Signal
- BUY: ₹3,094.00
- SELL: ₹3,091.30
This narrow spread suggests a neutral stance or low volatility at the moment.
4. Trend Line
- The green line likely represents a moving average or trendline support, reinforcing the ₹2,800 zone as a key level to watch.
5. Volume
- Volume bars show participation. Any spike near support/resistance levels can confirm breakout or reversal strength.

🧠 Interpretation for Traders
- Bullish bias if price holds above ₹3,059 and breaks ₹3,263 (0.236 level).
- Bearish risk if price breaks below ₹2,891 and heads toward ₹2,722 or ₹2,488.
- Neutral zone between ₹2,891 and ₹3,263—ideal for range trading or waiting for confirmation.

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