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TCS Technical Analysis suggests that stock is trading at a crucial level and the probability of a breakout or going up is very high. On price action, you can observe multiple patterns on the chart.

The inverted flag pattern failed on the chart. However, it is considered to be one of the most reliable patterns. Any trade based on the triple bottom was successful as stock bounced back after forming a triple bottom on the chart. The trend line suggests that the stock is in an uptrend. It is also forming an ascending triangle pattern that is a bullish pattern. In short, price action or support & resistance suggest a bullish trend.

The Fibonacci Retracement suggest that stock is facing major resistance at 61.8% level and a breakout means the start of an uptrend.

The exponential moving average suggests that stock follow 200 exponential moving average on the daily chart and bounced back on multiple occasions. Therefore, It can act as a stop loss for positional trade.

The volume analysis suggests consolidation between Rs 1800 and Rs 2000 with buying average price of somewhere near Rs 1900. The big players will not allow this price to break.

TCS has no correlation with the movement of Nifty 50 or index. Therefore, it can be a safe investment if it in an uptrend. The option chain analysis is also bullish in the near future.