TCS: ABC Correction Complete – New Impulse Wave in Focus

TCS appears to have completed a classic Elliott Wave structure, consisting of an initial 5-wave impulsive move followed by an A-B-C corrective phase. The recent price action suggests the correction has likely ended, and a new bullish impulsive move is beginning.

Fundamental trigger:
Interestingly, just a few days ago, TCS announced strong quarterly results — reporting solid profits and declaring a dividend. Despite the positive news, the stock reacted negatively and moved lower. This could have been a classic case of "good news, bad reaction" — possibly a stop-loss hunt or smart money absorbing liquidity before the next leg up.

Key technical points:

✅ Wave 1-2-3-4-5 clearly visible, forming the initial impulse.

✅ A-B-C correction appears complete with price reversing from a key support zone.

📈 Bullish structure forming; watching for confirmation with a break above recent highs.

🔍 Technicals and sentiment suggest renewed upside potential, despite short-term shakeouts.

Invalidation below recent swing low (Beginning of 1st Impulsive).

This setup offers a potential long opportunity with a favorable risk-reward

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