TCS Trend Analysis

Price is now at key support level.

Though the fundamentals are good, valuation is at a higher side.

Expecting IT INDEX to fall another 17% towards 25500 level, which may drive it low towards 2750 level.

Trendline support will provide confluence at that level.

Its better to accumulate around 2700-2800 level for the following targets:

1) Short term swing target @ 3400 (23.5% ROI with 3.25 R:R)
2) Medium term swing target @ 4000 (45% ROI with 6.25 R:R)
3) Long term positional target @ 5300 (92.5% ROI with 12.75 R:R)

Stop loss optional @ 2550


Do your own due diligence before taking any action.

Peace!!