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.
If you guy's like my work please do not hesitate to your love by like and follow me, and also let me know your thoughts on this Trading idea in comment box i will love to reply you.
Thankyou brothers & sister Happy Trading:))
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.
If you guy's like my work please do not hesitate to your love by like and follow me, and also let me know your thoughts on this Trading idea in comment box i will love to reply you.
Thankyou brothers & sister Happy Trading:))
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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