TCS stock can tank 16%, trades below this key monthly support after June 23

TCS stock has shed 8 per cent thus far this February, and the stock is seen trading with a negative bias for the last four straight weeks. Overall, the stock has shed 16.1 per cent from it’s all-time high of Rs 3,503 hit in August 2024.

The stock has declined 12.5 per cent post its December quarter results, wherein the IT major reported a 1.7 per cent drop in Q3 revenue on a quarter-on-quarter basis.