TCS – Technical Analysis

🔹 Trend: Strongly Bearish - The stock is trading well below all key moving averages, indicating a sustained downtrend. - Lower highs and lower lows formation remains intact, confirming bearish market structure. 🔹 Moving Averages: - Price is below the 20 DMA, 50 DMA, 100 DMA and 200 DMA. - The 200 DMA near ₹2,758 is acting as a major long-term resistance. 🔹 Bollinger Bands: - Price is trading near the lower Bollinger Band, reflecting continued selling pressure. - No meaningful reversal signal is visible yet. 🔹 RSI (14): - RSI is around 32, close to the oversold zone. - While a short-term pullback is possible, momentum remains weak. 🔹 Support Levels: Immediate Support: ₹2,050 Major Support: ₹2,000 🔹 Resistance Levels: Immediate Resistance: ₹2,150 – ₹2,200 Strong Resistance: ₹2,315 – ₹2,360 🔹 Volume Analysis: Recent declines have been accompanied by higher volumes, indicating distribution and continued selling interest. $TCS