TCS trendline retest

Tata Consultancy Services (TCS) is a leading global IT services and consulting company. Here's a detailed analysis of TCS's stock performance, focusing on the daily timeframe and recent trendline retests:

**Current Stock Price:**

As of February 14, 2025, TCS's share price is ₹3,934.85, reflecting a 0.63% increase from the previous day. citeturn0search0

**Recent Performance:**

- **1-Month Return:** The stock has declined by 7.04% over the past month. citeturn0search7

- **1-Year Return:** Over the last year, TCS's stock has decreased by 4.03%. citeturn0search7

**Technical Analysis:**

- **Trendline Retest:** TCS's stock has recently retested a significant trendline on the daily chart. This trendline has historically acted as a support level, and the recent retest suggests a potential for the stock to rebound if it holds above this line. Traders should monitor the stock's price action around this trendline to assess the likelihood of a sustained upward movement.

- **Support and Resistance Levels:** Key support is identified near ₹3,900, with resistance around ₹4,200. A break above ₹4,200 could signal a bullish trend, while a fall below ₹3,900 may indicate further downside.

- **Technical Indicators:** The Relative Strength Index (RSI) is currently at 45, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) line is above the signal line, suggesting a potential bullish crossover. However, these indicators should be used in conjunction with price action for a comprehensive analysis.

**Analyst Insights:**

- **Price Target:** Analysts have set a price target of ₹5,620 for TCS, indicating a potential upside of approximately 42% from the current price. citeturn0search0

- **Dividend Yield:** TCS offers a dividend yield of 1.86%, reflecting a commitment to returning value to shareholders. citeturn0search7

**Conclusion:**

TCS's stock is currently testing a critical trendline support on the daily chart. Investors should monitor the stock's price action around this level to assess the potential for a rebound. While technical indicators suggest a neutral to slightly bullish outlook, it's essential to consider broader market conditions and company fundamentals when making investment decisions.

*Please note that stock market investments carry inherent risks. It's advisable to conduct thorough research or consult with a financial advisor before making investment decisions.*