Weekly Chart Analysis on

TCS

Weekly Chart Analysis on

TCS On the weekly timeframe, TCS (₹3,133) continues to show a prolonged corrective phase that started from its lifetime high near ₹4,600, with the stock maintaining a pattern of lower tops and lower bottoms, a classical sign of a weak trend. Price is trading below all major moving averages 20 EMA (~₹3,300), 50 EMA (~₹3,700), 100 EMA (~₹3,950) and 200 EMA (~₹3,550) and the slope of these averages is downward, highlighting that both short-term and long-term momentum favor sellers. The RSI (38) is hovering near oversold territory but has not yet shown any strong bullish divergence, keeping momentum tilted to the downside. Similarly, the MACD is in the negative zone with the histogram staying below zero, confirming continued bearish strength, while the Parabolic SAR dots remain above the candles, indicating that trend reversals are not yet visible. Price action is currently consolidating in a narrow band of ₹3,050–₹3,250, which is acting as an immediate support–resistance zone. A decisive breakdown below ₹3,050 could accelerate weakness towards ₹2,950–₹2,800, levels last seen during early 2023, while on the upside, a sustained close above ₹3,300 with strong volumes could trigger a relief rally towards ₹3,550–₹3,700. Broader structure still points to bearish undertone with cautious sentiment, though the consolidation near key supports indicates that buyers may attempt to defend the ₹3,000 zone.