TCS shares soar 7%, up nearly 9% in just two sessions! What are technical charts indicating?

TCS shares jumped as much as 7% on Tuesday, extending their two-day gain to nearly 9% as investors snapped up the stock after months of underperformance. The rally was driven by optimism around AI-related opportunities and attractive valuations following a sharp sector-wide selloff. Analysts at Nuvama believe the IT sector is poised for a comeback rather than a collapse, helping boost sentiment toward large-cap IT stocks.