TCS shares slipped 1% Monday as IT stocks cooled after Infosys' buyback buzz. SEBI analyst Deepak Pal said the stock remains in a downtrend, below key moving averages, with RSI and MACD still bearish. He sees risk of a fall to ₹2,950-2,800 if ₹3,050 breaks, while a breakout above ₹3,300 may trigger a relief rally.