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