“TCS: Price-Time Squaring Signals Major Downside Move”

TCS has an exciting setup. Tomorrow, on October 10, exactly before its quarterly results, the stock is likely to square out its price with time from its November 2023 low. Technically, when such a price and time squaring happens, the stock witnesses a major trend shift. So, post-results, expect a very sharp reaction in the next few days. And looking at the pattern placement on the price front, we are expecting a sharp move to unfold on the downside. Hence, we are looking for a shorting opportunity at CMP and on upsides up to 4350 for potential target objectives of 4150 and 4050 on cash.