Tata Consultancy Services Ltd. and US Immigration policy

is consolidating near ₹2,077 after the recent decline, while the latest U.S. immigration action has added a fresh sentiment overhang for Indian IT companies. The development relates to the PERM route for employment-based permanent residency and may increase uncertainty around employee mobility, compliance and local hiring in the United States. Technically, the one-hour chart remains weak. Price is below the Tenkan-sen at ₹2,101 and Kijun-sen near ₹2,093, while the Ichimoku cloud between ₹2,089 and ₹2,097 has become immediate resistance. The current base near ₹2,060 is holding for now, but buyers need to reclaim the cloud before the structure can improve. ₹2,060 remains the key support. A break below it can bring ₹2,030 into focus. On the upside, ₹2,101 is the first level that needs to be crossed for short-term recovery. The immigration development is more of a cost and execution concern than an immediate change to delivery capability, but it can keep sentiment cautious until there is greater policy clarity.