TCS SHORT-TERM ANALYSIS

TCS seems to have made a low for short term. The max downside risk is limited upto 8%, which would be 2882 from the current market price of 3140. But the recent bounce from 3000 levels is giving hope for further upside momentum, and this momentum will get stronger once TCS crosses and sustains above 3288. Upon that, we can expect highs upto 3540-3590. And if it breaches the recent support of 3000, then the downside risk upto 2882 will open .
THIS IS MY PERSONAL VIEW AND NOT A BUY/SELL RECOMMENDATION.