Tcs

Planning to buy TCS on Monday at Market Rate , I think that Market will go down on Monday and i will be able to buy it in 1650 /

What you guys think , is it a good decision or i should wait for some more time

Its current eps is 60.63. PE at cmp works out to be around 27. Reserves Rs. 556040 lakhs on paid up capital of Rs. 4893 lakhs. Profit for Year ending Mar 2006 is 271687 lakhs.

YL is 1219 and YH is 2099 so currently poised in the middle. Recent Low was 1603 in Jan and upper band was 1651.
So its Fine at current valuations.Slight up and down will be only quotational loss/profit and has little significance unless you are daytrading.

In any case good stock to hold for a long term basis.

IT might become available at slightly lower price if you wait for this week. In any case if you are comfortable with valuations at current level , go for it on a long term basis. Tha is called Fire and Forget unlike shoot and scoot. It has different destiny and not to be worried by these little fluctuations in the market.

Other members may be better in commenting on tecnhical aspects as to how charts are looking at this moment.

Pankaj

you may give try for HIND ZINC instead of TCS,because HIND ZINC looks strong,it may go up rapidly on monday

I agree with PK. No time to buy. Technically does not look good enough for short term even. On Friday when most of the stock moved up TCS closed almost at the open price forming a doji. This shows either indecision on the part of the bulls or that the bears were strong enough to hold the bulls at bay. So even the short-term move is unclear.

Also there is no reason to believe that we have hit the bottom and there are no signals to say that. Of course the Nifty formed bullish engulfing pattern on Friday. Nifty is still below the 200 DMA. Moving past 3050 will signals resumption of the up trend if this is a medium term downtrend, which looks difficult as of now.

For the long term one can pick up the stock now or maybe even at lower levels as technically the stocks still looks weak. Of course when one is looking at long-term a hundred rupees here or there should not matter much..

karthik

Thanks Guys for your reply

My tgt for TCS in 4000
and i am not joking

What is the time frame ?

you should wait till 1600

I am also hoping that TCS will quote at around 1500 cum bonus before the ex bonus date. the lowest rate it has come to is 1450 about 10 sessions back. check it out and confirm.

OK Im not laughing.

Any realistic reason for this high target?
Its hit 1630's today!