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Price and trend forecast of TCS for Tomorrow, Weekly, Monthly

Tata Consultancy Services Limited

Symbol: NSE:TCS

ISIN: INE467B01029

4,003.75

As on 2024-04-12

3,070.25 (52W Low) 4,254.75 (52W High)

TCS's Today's Performance

Tata Consultancy Services Limited started the day by opening at 3,977.00 today 2024-04-12. Its shares reached a high of 4,013.00 and dipped to a low of 3,945.85 in intraday. When the markets closed, TCS’s stock price settled at ₹4,003.75 per share. Also check out its key support and resistance levels.

TCS Buy/Sell Targets

Tomorrow, buy TCS when its price reaches ₹ 4,003.75 with a stop-loss order at ₹ 3,965.39. You can set the target price as ₹ 4,042.11 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of TCS for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for TCS

Resistance Levels Value in ₹
Tomorrow Resistance 1 4,029
Tomorrow Resistance 2 4,055
Tomorrow Resistance 3 4,096

Important Supports for TCS

Support Levels Value in ₹
Tomorrow Support 1 3,962
Tomorrow Support 2 3,920
Tomorrow Support 3 3,895
Based on where the stock opens tomorrow, if TCS opens on a positive note, our first target will be ₹4,029. If Target 1 is achieved, we will aim for Target 2 which is ₹4,055.

But if TCS falls below the average value of ₹3,987.53, you can enter a sell side position with target number 1 - ₹3,962 and second target - ₹3,920 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of TCS

Looking at TCS, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, TCS has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for TCS is strong bullish.

Tomorrow's Volume based share price Forecast for TCS

TCS's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 17%.

Reversal detection for TCS

Predicted trend chart of TCS tomorrow for price forecast
TCS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹3964 in morning tomorrow
Target 1 tomorrow4013
Target 2 tomorrow4029
Target 3 tomorrow4055
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with TCS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if TCS opens on a positive note, our first target will be ₹4,029.22. If Target 1 is achieved, we will aim for Target 2 which is ₹4,054.68.

But if TCS falls below the average value of ₹3,987.53, you can enter a sell side position with target number 1 - ₹3,962.07 and second target - ₹3,920.38

TCS's Weekly Targets
1st Up Target 4,051.60
2nd Up Target 4,099.45
1st Down Target 3,936.95
2nd Down Target 3,870.15

As the week for TCS ended on bullish sentiments, we can expect further continuation of this sentiment. TCS's initial target will be 4,051.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 3,936.95 in the upcoming week.

Weekly OHLC Values
Open 3,983.00
High 4,032.65
Low 3,918.00
Close 4,003.75

Week for TCS started with an open price of 3,983.00, and the close was at 4,003.75. TCS reached the highest of 4,032.65 and dipped lowest up to 3,918.00 last week. This indicates a bullish sentiment for the week.

TCS full month swing targets
Monthly Up Target 1 4,166.25
Monthly Up Target 2 4,214.10
Monthly Down Target 1 3,822.30
Monthly Down Target 2 3,640.85

Targets of ₹4,166.25 can be expected to be reached in the coming month. Once TCS achieved this target, we can aim for the next upside target of ₹4,214.10.

TCS if fails to hold upside, down targets of ₹3,822.30 and ₹3,640.85 can be achieved by end of this month.

For complete three weeks if TCS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as TCS

Symbol Name Industry
TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

TCS is expected to reach the target of 4,029.22 in tomorrow's trading session.

After achieving the initial target in TCS, we will aim for higher targets of 4,054.68 tomorrow.

However, if TCS starts to trade below ₹3,987.53, then we will shift our focus to the sell side and aim for down targets of 3,962.07 and 3,920.38.