TCS UPDATE

TCS appears poised for a significant turning point, signaling that the medium-term corrective phase is concluding. Technical analysis points to ₹ 2866 as the anticipated durable bottom—a critical low from which any further dip is expected to be minimal, confirming the stock is reaching a climax reversal point. A bullish perspective suggests initiating a conservative long position, especially as the Quarterly Results on October 9th approach. The decisive trigger for a strong breakout will be a successful breach of the ₹ 2975 cash level, which opens the path to sequential targets at ₹ 3055 and ₹ 3125. The prudent strategy is to observe the initial reaction post-results, then look to accumulate further long positions, confident that the imminent reversal will take hold regardless of the near-term volatility.