Let Us See the
TCS
Dec 2019 Q3 results,
Net profit rose 1 percent sequentially to Rs 8,118 crore in the quarter ended December, Actually met the estimate and Revenue rose 2.3 percent quarter-on-quarter to Rs 39,854 crore—in line with the estimate of Rs 39,836 crore. Operating profit, or earnings before interest and taxes, rose 6.5 percent to Rs 9,974 crore. And TCS have announced interim dividend to the shareholder (Source: Bloombergquint). Even the results are on positive side stock went negative side on today's trading day, as fundamental stock is looking good.
As per technically stock is completed third wave and formed a triangle wave in 4th wave correction, so far stock has to break for levels of 2274 to go long, if market goes on negative side then the targets are around 2000 and below. for long - target arrived through technically is 2800 around if it breaks the all time high. will wait and see what market has for us.
for any queries reach us through writetomonk@gmail.com or "9884344490".
Disclaimer: Stock updates are only for educational purpose.
TCS
Dec 2019 Q3 results, Net profit rose 1 percent sequentially to Rs 8,118 crore in the quarter ended December, Actually met the estimate and Revenue rose 2.3 percent quarter-on-quarter to Rs 39,854 crore—in line with the estimate of Rs 39,836 crore. Operating profit, or earnings before interest and taxes, rose 6.5 percent to Rs 9,974 crore. And TCS have announced interim dividend to the shareholder (Source: Bloombergquint). Even the results are on positive side stock went negative side on today's trading day, as fundamental stock is looking good.
As per technically stock is completed third wave and formed a triangle wave in 4th wave correction, so far stock has to break for levels of 2274 to go long, if market goes on negative side then the targets are around 2000 and below. for long - target arrived through technically is 2800 around if it breaks the all time high. will wait and see what market has for us.
for any queries reach us through writetomonk@gmail.com or "9884344490".
Disclaimer: Stock updates are only for educational purpose.