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:
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