3000 to hold else we are going more down, target 3400-3700TATA CONSULTANCY SERV LTDNSE:TCSCanadian_007📝 Recent Performance Q1 FY26 Net profit: ₹12,760 crore (↑6% YoY) . Revenue: ₹63,437 crore (↓2.2% YoY), third consecutive quarterly decline . Margins remained solid (~24%) . Stock Momentum Broke below key technical support post-Q1; could drop another ~5% . 2025 is the worst-performing sector—IT stocks down ~14%, TCS down ~21% YTD . 🌍 Key Headwinds Global macro slowdown (geopolitical uncertainty, U.S. tariffs) dampening IT spending . New bench policy causing employee anxiety — could affect productivity . Client spending delays in North America, weak sectors like auto/manufacturing seen at other peers . 💡 Catalysts to Watch Deal pipeline strength: Q1 bookings strong in BFSI & Americas — new deals worth ~$8.3 B . AI and growth segments: TCS reported AI-infused and cloud pipelines now at ~$1.5 B . Technical rebound: Stock approaching support/resistance zones between ₹3,150–₹3,600 . 🚀 Outlook: Will TCS Go Up? ScenarioProbabilityPrice Outlook Base Case 🌤Moderate₹3,100–₹3,600: range-bound until spending improves Bullish Case 📈Conditional₹3,700+ if major IT deals (AI/cloud) accelerate Bearish Case 📉Possible₹2,900–₹3,050 if global tech slowdown worsens ✅ Summary Reason for caution: Slowing revenues, sector weakness, macro uncertainties. Reasons for optimism: Consistent profitability, strong AI/cloud pipeline, and positive deal wins. If global IT spending recovers (driven by AI/cloud), TCS could rebound toward ₹3,700+. Until then, it may trade in the ₹3,100–₹3,600 range.