TCS is an uptrend consolidation zone. Historically at an average it has corrected about 25% from the previous top and consolidated timewise around 2 – 3 years. We have noticed a 25% correction since Oct-2021 and now near breakout levels, Historically post breakout, TCS has given at an average 80% upside, however, due to its large marketcap, we expect an upside of about 60% leading to a target of 6,300. You can enter at current price of 3900. Stop loss below 2900 for traders, and investors can hold on. It has taken approx. 1.6 years to hit target at an average from breakout.
