TCS is in good accumulation zone for larger upside in making

TCS being the mammoth of the Indian IT pack..is showing strength and decent consolidation with accumulation. Trending around lower end of Fabonacci levels making it a good candidate for accumulation in portfolios with averaging till 3100 level in down side and target of 3550-3750-4000+ in next 9-12months. RSI shows oversold position with growing delivery volumes. Making it a tempting buy with larger upside and much lower downside from existing levels. Valuation wise too it has corrected to fair value as compare to peers, hence this will lead the IT pack revival in next couple of quarters.