📉 TCS Ltd. – Weakness, Near Support, RSI in Bear Zone

🔹 Price Action CMP: ₹3,072 (-3.04%). Price in sustained downtrend from ₹4,600 peak. Currently hovering near crucial support zone ₹3,195 → ₹3,000. 🔹 Technical Observations Falling Channel: Stock still trending inside a downward sloping channel. Support Test: Holding near ₹3,000–₹3,050, strong historical demand zone. Resistance Above: First hurdle at ₹3,195; stronger resistance at ₹3,355. 🔹 Key Levels Immediate Resistance: ₹3,195. Major Resistance: ₹3,355 → ₹3,600. Immediate Support: ₹3,000. Major Support: ₹2,800. 🔹 Indicators RSI ~34: Weak, in bearish territory; consolidation within oversold box. Volume: Selling pressure visible, no strong accumulation yet. Trend: Still bearish until price confirms breakout above channel. 🔹 Strength & Risk ❌ RSI in bear zone → weak momentum. ❌ Price still below major breakdown levels. ✅ Support cluster at ₹3,000 has held in past. 🔹 Outlook Short Term: Range-bound between ₹3,000–₹3,195. Medium Term: Break below ₹3,000 → slide toward ₹2,800. Reversal Trigger: Sustained close above ₹3,355 → potential recovery to ₹3,600+. 📌 Strategy Traders: Avoid longs until ₹3,195–₹3,355 reclaimed. Investors: Can monitor ₹3,000 support for long-term accumulation, but only in phases with SL below ₹2,800. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).