TRADE IDEA ON TCS FUTURE FOR 10 JAN 19
BUY TCS ABOVE 1910
TGT 1940/1985 SL 1880
We are expecting broadly good result of TCS thanks to the
depreciating rupee against US dollar, but cross-currency effects may partially
offset their margins. The TCS will announce its Q3 results on Jan 10, 2019. After
showing correction from the 200 EMA on daily chart, now stock is trading in
short term recovery phase, it is continue the downside move in the past week with
the crossing of the support level of 1875 as the stock is managing to sustain
below the level of 1900. One may get the targets of 1940,1975 in the stock with
the stop loss of 1870. Tata
Consultancy Services Ltd is currently trading at Rs1881, down by Rs 21 or 1.15% from its
previous closing of Rs 1903 on the NSE. revenue may grow 1 percent to Rs 29577
crore in Q3. The company informed exchanges that the Board will meet on Thursday
10 Jan'19. The IT company Approve and
take on record the audited consolidated financial results of the company and
its subsidiaries under Ind-AS for the quarter and nine months ending December
31, 2018. December quarter is generally tepid for Indian IT companies due to
holidays and budget revisions by global clients. The Revenue from operations grew 7.6% quarter
(up 20.7%) to Rs 36,854 crore for the quarter ended September 2018, driven by
robust digital growth. 
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