TCS 1D Time frame

Price Action (Daily Chart)

Current price is around ₹3,117 - ₹3,120

Price is consolidating near support zones after a recent upward move.

Candle structure shows buying interest at lower levels, but resistance is capping the upside.

📊 Indicators

Moving Averages (MA):

Short-term MAs (5-day, 10-day) are slightly mixed.

Medium to long MAs (20, 50, 100, 200-day) are in buy zone, showing broader uptrend strength.

RSI (14-day): ~62-65 → indicates mild bullish momentum, not yet in overbought zone.

MACD: Shows positive crossover, momentum favors bulls but losing some strength.

⚖️ Key Levels

Immediate Resistance: ₹3,135 – ₹3,140

Next Resistance: ₹3,170 – ₹3,200

Immediate Support: ₹3,100 – ₹3,110

Strong Support: ₹3,050 – ₹3,000

📈 Outlook

Short-term sentiment: Neutral to slightly bullish as long as price holds above ₹3,100.

A breakout above ₹3,140 may open room toward ₹3,170–₹3,200.

A breakdown below ₹3,100 may drag price to ₹3,050–₹3,000.

Overall trend on daily timeframe is still uptrend, but near resistance, so caution is needed.