TCS: Ahead Of Result---What's The Chart Is Indicating ?

Technically, TCS (CMP: 2482) has to sustain over 2460-2440 zone for 2520-2550 area. In the near term for any further rally, TCS has to stay above 2550-2600 zone for targets of 2620*-2730-2780 and 2840-2980 in the short to long term.

On the flip side, sustaining below 2440 area, TCS may fall to 2425-2350-2295-2115 zone again.

Trading Idea: TCS

CMP: 2482

Either sell below 2440 or on rise around 2520-2550*-2600;

TGT: 2425-2350-2295*-2208-2160-2105-2080-2040 (1-3/6M)

TSL> 2620 

Note: Consecutive closing (3 days) above 2620 for any reason, TCS may further rally up to 2730-2780* & 2840-2980 in the mid to long term (alternative bullish case scenario from the present trading level).

For TCS:

Q3FY16 TTM EPS: 109.73

Projected Q4FY16 EPS: 27.45-31.45

Projected FWD EPS: 118.25-122.15-135.10 (FY:16-18)

Average PE: 20

As par BG metrics and current market scenario:

Present median value:2320 (Q3FY16/TTM)

Projected fair value: 2405-2445-2570 (FY:16-18/FWD)

 

SCRIP	EPS(TTM)	BV(Act)	P/E(AVG)	Low	High	Median	200-DEMA	10-DEMA
TCS	109.73	256.98	20	2309.12	2323.59	2316.36	2429.62	2460.16

TCS

118.25

265.7

20

2397.09

2412.11

2404.60

2429.62

2460.16

TCS

122.15

275.95

20

2436.30

2451.56

2443.93

2429.62

2460.16

TCS

135.1

290.55

20

2562.19

2578.25

2570.22

2429.62

2460.16

Analytical Charts: