$TCS

$TCS Primary Trend: Long-term structure remains bullish. Recent quarterly results have improved sentiment, supported by healthy AI deal wins and a strong order pipeline. IT sector is showing signs of gradual recovery, though management commentary across the industry still points to a cautious demand environment. Technical View ✅ Price is attempting to resume its uptrend after a healthy consolidation. Bullish case If TCS sustains above the recent breakout zone with strong volume, the probability of a fresh upward leg increases. A series of higher highs and higher lows should be maintained. Bearish case Failure to hold the breakout level may result in a pullback toward the nearest support before the next move. Fundamental Positives Strong order book and large deal wins. AI business continues to expand rapidly, with annualized AI revenue crossing US$2.6 billion. Stable operating margins despite continued investment in AI. Consistent dividend-paying track record. Risks Slower discretionary IT spending globally. Currency fluctuations. Delayed recovery in enterprise technology budgets.