TCS, seems to be stuck between a range of 2800 to 2400 from last one year onwards. This is clear indication that TCS is a stock not to be entered into within the range. only long to be take when the weekly close above 2800, and any breach of 2400 would trigger bears and the stock can fall below 2000 levels easily. But one thing to be noted is that during the side ways market during last one year the volumes have not decreased and in fact they are slightly heavy indicating that some amount of churning is happening but long consolidation is some concern for bears. So as of not TCS is a stock to be watched rather than invest.

Mahiidar M
Enjoying Life
Trend is Friend.