TCS 1D Time frame

🔍 Current Price & Context

Trading around ₹3,089

Day’s range: ₹3,065 – ₹3,107

Previous close: ₹3,171

Market sentiment: Bearish, influenced by external factors affecting IT stocks.

📊 Technical Indicators

Moving Averages: Short-term averages are slightly above current price, acting as resistance.

RSI (14): ~30, indicating oversold conditions.

MACD: Negative, showing bearish momentum.

Stochastic Oscillator: Oversold, may suggest a short-term reversal.

CCI (20): Below zero, confirming bearish trend.

ROC (20): Negative, indicating declining momentum.

🧮 Strategy / Trade Ideas

Long Setup:

Entry near support (~3,050) if bullish reversal appears

Stop Loss: Below 3,000

Targets: 3,100 first, then 3,150

Short / Pullback Setup:

Entry if price fails near resistance (~3,100)

Stop Loss: Above 3,150

Targets: 3,050 first, then 3,000

✅ Summary

TCS on daily chart is bearish but oversold. Watch immediate support (~3,050) for potential reversal, and resistance (~3,100 – 3,120) for pullback risk. A breakout above resistance could target 3,150+, while failure of support may lead toward 3,000.