Awaiting BO of Cup with Handle in $NSE:TCSNSE: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
