TATA CONSULTANCY SERV LTD
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TCS & Just Dial - Getting Ready for a Bull Run

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  • After the market crash in 2020, the stock price experienced a significant upward movement and reached close to the 3,990 level, which was the previous all-time high for the stock.
  • Subsequently, the stock entered a downtrend until the price found support near the 2,900 level.
  • Following this, the stock price began to rise again and reached a new high in March’24 at around the 4,250 level.
  • After a pullback, the stock successfully broke through the neckline of the Inverted Head & Shoulder pattern, which had formed during the entire consolidation phase.
  • If this breakout sustains, we may witness a further price rally in the coming days.


snapshot

  • The stock price reversed its downward trend by breaking through the Ascending Triangle pattern upwards.
  • After dropping near the 1,150 level, the stock rebounded strongly and started moving upwards.
  • The stock price found support around the 520 level after a significant drop and started climbing.
  • An Inverted Head & Shoulders pattern appeared on the chart during the consolidation phase, signaling a possible trend reversal.
  • Following the breakout, the stock price moved upwards but faced resistance at a previous level.
  • After a brief pullback, the stock price successfully broke through the resistance and continued to climb.

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