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Munish_Jain
Mar 12, 2024 3:56 AM

TCS | Positional Trade Long

TATA CONSULTANCY SNSE

Description

📊 DETAILS
Sector: IT Services & Consulting
Mkt Cap: 1,526,127 cr

Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.

TTM PE : 34.02 (Average PE)
Sector PE : 37.03
Beta : 0.82

📚 INSIGHTS
MC Insights PRO
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators

1.49% away from 52 week high
Underperformer - Tata Consultancy Services down by -0.27% v/s NIFTY 50 up by 3.32% in last 1 month

📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials

Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.

🔍 More Analysis & Trade Setups 🔍
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Comment

Entered yesterday @ 4130

Trade closed: stop reached

Comments
karan256
Hi Munish Ji, can you please track Coforge for reversal trade. RSI below 20 - price lower than daily BB low - price lower than weekly BB low
Munish_Jain
@karan256, Right now it's a falling knife, I would wait for it to make a base (consolidate)
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