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

7 нояб.

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.