TCS Q3 Result on 9th January trading strategy

The price is currently approaching the lower end of the channel, near support. The price is testing support near ₹4,000, a critical psychological and technical level. Volume appears relatively low, suggesting a lack of strong participation during the recent pullback. This could mean limited selling pressure.
Support Levels:
₹4,000 (current level, coinciding with trendline support).
₹3,800 (next major support, below the trendline).
Resistance Levels:
₹4,400 (immediate resistance).
₹4,600-₹4,800 (upper channel resistance).
Suggested Trading Strategy ~ Long
If the stock holds ₹4,000 and starts to reverse:
Entry Point: Around ₹4,000–₹4,050.
Stop-Loss: ₹3,950.
Target Levels: ₹4,400 (initial) and ₹4,600 (secondary).
Suggested Trading Strategy ~ Short
If the stock breaks below ₹3,950:
Avoid buying, and consider shorting with a target of ₹3,800.
Stop-Loss: ₹4,050.