TCS Attempts a Turn: Bullish Divergence Meets Key Support

1️⃣ Structure Breakdown TCS has retraced significantly from its highs and recently formed a higher low near the ₹3,350 zone. The price is compressing between support and a short-term downtrend line. RSI shows a clear bullish divergence, indicating weakening selling momentum. 2️⃣ Support & Resistance Immediate Support: ₹3,348 Next Key Support: ₹2,980 Resistance to Watch: ₹3,528 → ₹3,669 zone Major Pivot: ₹3,742 – reclaiming this could flip sentiment back to bullish. 3️⃣ Trend Outlook Despite being under the 200-day EMA, the structure hints at early signs of a reversal. A breakout above ₹3,528–₹3,669 may confirm the trend reversal, with targets back toward ₹3,900+. Failing to hold ₹3,348 might resume downside toward ₹2,980. 4️⃣ Momentum Clue RSI bullish divergence (price made lower low, RSI made higher low). Momentum still under 50 but turning up – a breakout with volume could validate strength. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Markets are risky. Read all related documents carefully.