Tata Consultancy Services Ltd

NSE :TCS   BSE :532540  Sector : IT – Software

ABOUT COMPANY: 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.

NEWS IN STOCK: TCS Plans Hybrid Workplace Model For 4.5 Lakh Employees: Neither Office Nor Home, But A ‘Third’ Option. Instead of the conventional work model where employees commute to and from offices daily, a hybrid model has instead taken its place where work is done beyond offices and gets more engagement from women. 

What’s Ahead ? Technical Outlook of TCS:

Tata Consultancy Services Share prices gained 112.20 per share up by 3.44% on Thursday’s trade. Stock is trading in “Rising Wedge Pattern”. Stock prices action indicates stock is on the verge of breakout. Share prices of TCS is trading above 10&20 exponential moving averages, which indicates momentum on the upside. Relative Strength Index is heading above 70 mark which will confirm breakout and momentum going ahead.

We recommend Investor: Fresh Buy on TCS above 3385 for the target of 3600-3800, stop loss should be placed below 3240 level. For Intraday traders we recommend Buy above 3385 with stop loss 3325 and target should be kept around 3450- 3500.