Ratio Chart of TCS to USD INR shows a clear trend where RSI is in exhaustion and Support matches previous instances of rise in 2022 and between 2020-21. USD Appreciation fundamentally is pending against INR which will aid PAT rise fundamentally. Indian IT companies have not yet launched own LLMs / AI bandwagons, which are an optionality if they do such acquisitions or around Cloud Vertical. Technically a rise of 40-50% upside can happen here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.