Nifty 50:

Taking the support of last month’s low (Dec 2022), Nifty formed a long bullish candle on the daily chart on Tuesday that engulfed the negative candle of the previous session.
With a double bottom pattern on a daily chart, Nifty indicated a bullish character in coming trading sessions.

Don’t miss the article (Nifty a 19k run) for a detailed analysis of Nifty.

Stock in Focus:

TCS: 3378.40
TCS claims as the top 5 gainers in Tuesday's session. This stock still promises higher targets till 3427, followed by 3429, 3435. On a daily chart, this stock is progressive, in other words possibly, creating a double top pattern. On a weekly time frame, this stock is under a possible XABCD pattern, starting from the 26th Sept’22 low. In both cases, the prices are supposed to trade on the higher sides.