Topic Statement:
TCS has shown signs of recovery after a recent correction, with strong technical support levels reinforcing bullish potential.
Key Points:
The price previously found strong and consistent support near the ₹3000 mark, reaffirmed during the recent market correction.
A full retracement to the 50% Fibonacci level** at ₹3060 attracted significant buying interest, highlighting renewed strength.
Currently, the stock trades just below the 200-day EMA, indicating it remains in oversold territory, but with potential for reversal if momentum continues.
TCS has shown signs of recovery after a recent correction, with strong technical support levels reinforcing bullish potential.
Key Points:
The price previously found strong and consistent support near the ₹3000 mark, reaffirmed during the recent market correction.
A full retracement to the 50% Fibonacci level** at ₹3060 attracted significant buying interest, highlighting renewed strength.
Currently, the stock trades just below the 200-day EMA, indicating it remains in oversold territory, but with potential for reversal if momentum continues.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.