Recent news & context: IT majors like TCS have been sensitive lately to US tech-spending signals and INR/USD moves — no single catalyst here, just consolidation after a sharp bounce.
Price action: Bounced hard off a ₹1976 low (Jul 1) to ₹2494 (Jul 30), then has been chopping in a ₹2250–2370 range for the past 3 weeks — no clear breakout either way yet.
Buy Above: ₹2375 → Target 1: ₹2420, Target 2: ₹2455
Sell Below: ₹2245 → Target 1: ₹2200, Target 2: ₹2150
Range to watch: ₹2245–2375 (act only on a confirmed break either side)
TCS both sides deliberately, rather than forcing a bias — that's what the data actually shows, and it's more useful (and more publishable) than pretending certainty that isn't there.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer
Price action: Bounced hard off a ₹1976 low (Jul 1) to ₹2494 (Jul 30), then has been chopping in a ₹2250–2370 range for the past 3 weeks — no clear breakout either way yet.
Buy Above: ₹2375 → Target 1: ₹2420, Target 2: ₹2455
Sell Below: ₹2245 → Target 1: ₹2200, Target 2: ₹2150
Range to watch: ₹2245–2375 (act only on a confirmed break either side)
TCS both sides deliberately, rather than forcing a bias — that's what the data actually shows, and it's more useful (and more publishable) than pretending certainty that isn't there.
Disclaimer: aliceblueonline.com/legal-documentation/disclaimer
Disclaimer
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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.