Awaiting BO of Cup with Handle in $NSE:TCS

18 May

TCS

Pattern details:

• Up-trend before forming a Cup with a handle pattern
  
• Cup with ~31% correction and length of cup 113 bars (791 days)
  
• Handle length is 9 bars (64 days) and ~7.5% correction.
  
• Manage to take support at 30 weeks EMA
  
• Bullish RSI divergence at the bottom of the cup
  

Fundamental Notes:

Operating margin for the latest quarter was 26% (the highest in the last 12 quarters) and for FY 2024 - 24.6%

• Net Profit QoQ 12,502 Cr. (Mar 24) vs 11,097 Cr. (Dec 23)
  
• EPS Profit QoQ 34.37 (Mar 24) vs 30.56(Dec 23)
  

• Net Profit YoY 46,099 Cr. (FY ending Mar 24) vs 42,303 Cr. (FY ending Mar 23)
  
• EPS Profit YoY 115.19 (FY ending Mar 24) vs 126.88(FY ending Mar 24)
  

• P/E: 29.9
  
• ROCE: 64.3 %
  
• ROE: 51.5 %
  
• ROA: 32.5 %
  
• PEG Ratio: 3.64
  

PS: Awaiting BO of Cup with handle pattern

Disc - invested, for educational purposes only