TCS stock daily chart analysis
TCS stock on last trading session closed at 2151 with loss. On daily chart, stock is at major support of 2150 with intact uptrend. Indicators are bearish but near oversold zone so expect recovery ahead.
For month of March 2150 is major level to watch above it keep long view for stock for targets 2260 and then 2380. While on downside, 2045 and 1930 are strong support and below 2150, these will be target level in downtrend.
TCS stock stock weekly chart analysis
TCS stock this week showing loss and this will be second losing week for this stock. In last week, stock tumbled from 2300 to 2150. Lost 150 rupees in very short time and heading towards major averages to test them
On downside, 2050-2070 is major support area on weekly chart and above it, any correction will be buying opportunity for positional traders. On upside 2480 is first medium term target and can be expect in next 3-6 month period. 2900 will be next target and expected in next 12-month s time. Below 2050 next major weekly chart, supports are 1655 and then 1240.
TCS stock stock monthly chart analysis
TCS stock in last 6 months performed inline with market and had given 10-11% return like market. TCS is my favorite stock from IT pack and we had seen rally from 800 rupee to 2400 in last 4 years period. Fundamentally strong but slightly expensive. Investors above 1900-rupee level keep long view or accumulation strategy for this stock. 2700-2900 is 12-month target zone while in next 3 years time I am expecting this stock around 3500 rupee.
TCS company description
Tata Consultancy Services Limited (TCS) is an Information Technology (IT) services, consulting and business solutions company. The Company provides consulting-led integrated portfolio of IT and IT-enabled services delivered through a network of multiple locations around the globe. The Company’s domain knowledge and technology expertise helps global corporations to focus on their core business, while TCS manages their investments in technology and helps transform their business processes. The Company’s services portfolio consists of Application Development and Maintenance, Business Intelligence, Enterprise Solutions, Assurance, Engineering and Industrial Services, IT Infrastructure Services, Business Process Outsourcing, Consulting and Asset Leveraged Solutions. The Company’s subsidiaries include Tata Consultancy Services Canada Inc., Tata America International Corporation, Tata Consultancy Services Asia Pacific Pte Ltd. and Tata Consultancy Services Deutschland GmbH.
TCS stock fundamental ratios
|Range||2,153.00 – 2,189.75|
|52 week||1,365.00 – 2,384.80|