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TCS

Is Indian I.T sector rally over? " Shooting Star Pattern" According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern). Here, by Nifty I.T analysis I am referring to I.T stocks Eg: NSE:TECHM , NSE:TCS This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
NSE:CNXIT
by pradumnasaraf
26
Tata Consultancy Services : Chart StudyIt's not required to talk about the strong fundamentals of this IT giant. If you see it's long term chart you can easily identify, with the continuous profit growth in the company share remains in consolidation zone for some time and then breaks out with high volumes and keep on shooting the price. In Q2 results of TCS in year 2020, CEO has announced the salary hike for it's employees which was on hold in last Quarter due the pandemic situation. Also the company has announce the buyback of Rs 16000 crore at Rs 3000/share.
NSE:TCSLong
by investingfunda