TCS trade ideas
TCS BUYING ZONE FOR LONG TERMTCS strong support at 2950
can start accumlating now in small qty for LT
fundamently strong stock
educational idea
Breakout of falling Wedge bullish pattern coming soon in TCS 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.
Market Cap
₹ 11,66,817 Cr.
Current Price
₹ 3,189
High / Low
₹ 3,644 / 2,926
Stock P/E
27.7
Book Value
₹ 247
Dividend Yield
1.35 %
ROCE
59.1 %
ROE
46.9 %
Face Value
₹ 1.00
Debt
₹ 7,688 Cr.
EPS
₹ 115
PEG Ratio
2.65
Promoter holding
72.3 %
Intrinsic Value
₹ 2,154
Pledged percentage
0.48 %
EVEBITDA
18.6
PROS
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 43.3%
Company has been maintaining a healthy dividend payout of 61.4%
CONS
Stock is trading at 12.9 times its book value
Working capital days have increased from 63.6 days to 92.6 days
Behatreen company with good fundamental, with good management. Good dividend paying stock, ROCE & ROE both above 40% very negligible debt ratio. All is showing positive for this ticker. This stock already have made millionaires to many. But now according to my analysis. price action showing a bullish momentum. Stock forming a falling wedge bullish kind of pattern... which is a sign of price reversal. Very soon we can see a breakout. Still why to wait for breakout when we know this has to go only up from current level. So if anyone wants to go long, can go with given levels on chart. For trading purpose already all levels given. But this is one of the best stock to invest for long term. So buy without any hesitation for long term. You will get dividends time to time.
If you are planning to take trade for short term kind of trading purpose then please follow strict stop loss.
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TCS is looking weak post resusltsNSE:TCS might fall more and it can show 3k and 2900 levels if it breaks its support at 3100.
Long TCS TCS currently trading at 3220 level, long position can be opened with the target price of 3400 with the stop loss of 3165 on closing basis.
2nd stoploss can be placed at 3100 levels on the closing basis.
If it breaks 3100 levels on daily closing basis then it will open target price of 2970 levels.
Volatility can be expected in the price as quarterly results are expected on 12apr so keep both long and short targets in mind with strict stop loss.
Please consider doing your own research before opening any trade.
TCS Forming Inverse Flag ahead of Q4 ResultsBearish Flag pattern in forming in the underlying ahead of important event being Quarter 4 Results. Let's see how it works out.
Some tips for beginners to get started in stock marketHere are some tips for beginners to get started in the stock market and for those looking to become pro traders---------
Start with the basics: Before diving into the stock market, make sure you have a solid understanding of the fundamentals of investing, such as how the stock market works, how to read financial statements, and the different types of investment vehicles available.
Set realistic goals: Determine your investment goals and risk tolerance to create a portfolio that suits your needs. Keep in mind that investing is a long-term strategy, and it's essential to have patience and discipline.
Do your research: Conduct thorough research on the companies or sectors you plan to invest in. Look for companies with strong financials, a competitive advantage, and a clear growth strategy.
Diversify your portfolio: Diversification is key to managing risk in the stock market. Invest in a mix of stocks, bonds, and other assets to spread your risk across different sectors and industries.
Keep an eye on the market: Stay up-to-date with the latest news and trends in the stock market. Monitor your investments regularly and be prepared to make adjustments if necessary.
Learn from your mistakes: Investing involves risk, and it's normal to make mistakes. Use your losses as an opportunity to learn and refine your strategy.
Consider professional help: If you're new to investing or don't have the time or expertise to manage your portfolio, consider working with a financial advisor or a robo-advisor to help you make informed investment decisions.
Keep emotions in check: It's easy to get caught up in the emotions of the market, but it's essential to maintain a level head and stick to your investment strategy.
Have patience: Successful investing takes time and patience. Avoid chasing quick gains and focus on long-term growth.
By following these tips, beginners can start building a solid foundation for investing in the stock market, while more experienced traders can refine their strategies and continue to grow their portfolios.
TCS - Bullish Harmonic PatternTCS - Bullish Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
TCS- Swing/Breakdown TCS looks trending down to 2900-2950 levels where it had taken support twice earlier. 200WMA along with AVWAP from COVID lows will act as a strong barrier. A closing below this region will take this stock to a gap area of 2550-2600. Below this there is a strong support at 2300 levels. Looking at the kind of events who knows we may see this mouthwatering level.
There is also a swing trading opportunity at 2900 levels and unless 3575-3600 levels are taken out on a WCB we may see sideways action continuing between these levels.
SWING PICK: TCSTcs is reaching its major support in daily chart. It is the largest IT Company in india. Swing traders and investors could buy at this point.
TCSTCS 3160 below market tcs weak okh, buyer push tcs 3200 above but seller push again down see price rejection break 3160 more slide down side okh.
TCS Swing TradeTCS is near crucial support zone on daily chart. We can take swing trade here.
Entry:
We can go long after close of strong bullish candle near support zone.
Target:
We can keep the target near the next resistance zone as marked on chart.
Stoploss:
We can keep stoploss below the support zone.
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#Educational #IT #TCS - SHORT#TCS Looking bearish -
> Trendline breakdown.
> Volume Supported.
> IT Index showing weakness.
> RSI, no strength.
TCS - Harmonic AnalysisPotential Reciprocal AB=CD pattern.
Initial Targets of CD retracement of 0.382 and 0.5 are marked.
tcstcs 3200 levels + bearish trendline break create buy postion for intraday take price action dicission on intraday okh
TCS ANALYSISHi everyone you have all seen TCS for past 5 to 6 days and it is going very down i think this is the reason
I would still like to wait again hello folks,
As last time when I am discussing this chart I have mentioned that I am not interested in those levels and I will wait for price action to come in the zone and when it came back to that zone it just gave me simple retracement move to this zone now in coming weeks I will seriously wait to built up the price action for me and that will lead the market structure for me and how much time it will take to do that particular thing I literally don't know , but again the price comes in dicey zone and any further up move will again become selling opportunity for short sellers and this time if it slips from here then accumulation Zone will shift towards 2500-2700 at that moment will review this script further , and for up move for me being conservative person would like to have break my zone and retest it.
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TCS case studySymmetrical triangle pattern
cmp is around support of ascending trend line
bullish divergence on RSI with respect to price.
TCS - Daily TF - Long TermHarmonic -
1. Potential Bullish butterfly pattern on daily TF.
2. Testing critical support/demand zone. If this is broken Tgts 3219, 3126
Elliott wave -
1. Irregular ABC correction is ongoing.
2. Currently, testing 0.618 retracements of B wave, if this gets broken elongated C is confirmed. First target 3151 and 1-1.236 projection of A and B wave.
3. If there is a retracement from the current demand zone, we can see the upward leg of further correction or impulse.
