TCS is approaching a critical multi-month support zone between ₹2,880–₹2,860. This level has previously acted as a reliable demand zone in June and July. A retest and breakdown below ₹2,875 may open the gates for further downside toward ₹2,810.
However, a bounce from this support — backed by volume and a strong daily close — could push the stock back to the ₹3,040–₹3,080 resistance range.
🔻 TCS – Approaching Major Support (Daily)
CMP: ₹2,890 (as of Aug 2, 2025)
Support Zone: ₹2,880 – ₹2,860
📌 Key Price Levels:
Major Support: ₹2,880 – ₹2,860
Resistance (Bounce Zone): ₹2,920
Breakdown Trigger: Below ₹2,860
Target (if breakdown): ₹2,810
Target (if bounce): ₹2,940 → ₹2,975
Stop Loss (Bounce Trade): ₹2,855
🧠 Setup Explanation:
TCS is nearing a multi-week demand zone around ₹2,880, previously tested in June and early July. Watch for price action confirmation — either a bounce with volume or a clean break below ₹2,860, which may invite further downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.