In the past one month, TCS, Infosys, Tech Mahindra, HCL Technologies, LTIMindtree, Persistent Systems and L&T Technology Services have rallied between 9 per cent and 15 per cent.
Technical charts suggest that the IT index may gain another 5%, with heavyweights Infosys, TCS and HCL Technologies possibly rallying up to 17%. Wipro and Tech Mahindra, however, may see tepid trends.
The longer-term chart suggests that the overall trend for TCS is likely to remain subdued as long as the stock trades below ₹3,450 levels; on the downside it can crack up to ₹2,655 levels.
Infosys, TCS, HCL Technologies and Tech Mahindra are scheduled to announce Q2FY26 results in the next 10 days; here's a technical check on these 4 IT shares.
A majority of Tata group stocks including TCS, Tata Elxsi, Trent, Voltas and 6 others have declined over 22% so far this year. Here are 3 Tata group stocks that can gain up to 28% going ahead.
IT stocks such as Infosys, TCS and 3 others could see limited downside from current levels, as they are trading above key support levels, backed by positive cues from momentum oscillators, show charts
However, thus far in the calendar year 2025, Nifty IT index has underperformed the market by falling 18 per cent, as against 5.5 per cent rally in Nifty 50.
Markets are currently concerned about weak Q1 earnings and a faltering trade deal discussion between the US and India, Menon said, which may severely impact domestic exports
TCS shares extended their decline for the fourth consecutive session, slipping 4 per cent after it announced plans to lay off roughly 2 per cent of its global workforce
TCS on Monday was seen trading below the monthly super trend line support for the first time since July 2009. The next stop could be the 100-MMA, hints the technical charts.