-------- Forwarded Message --------
Subject: TCS: Sustain Below 2295, May Fall Up To 2000-1825
Date: Wed, 13 Jan 2016 08:55:58 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*Q3FY16 result lags estimates in CC (USD) terms*
*Impacted by seasonality & Chennai floods !!*
*CMP: 2327*
*
*
*Sell either sustain below 2295 or on rise around 2365-2385;*
*
*
*TGT: 2295-2200-2073-2000 (1-3M)*
*
*
*TSL>2410*
*Warning Note:* *Consecutive closing above 2410 for any reason,
whatsoever, TCS may rally up to 2467-2495 & 2525-2546 and 2750-2840 in
the short to long term (alternative bullish case scenario).*
For TCS, Q3FY16 EPS at 30.88 against consensus of 30.79 (QOQ-30.88;
YOY-27.20)
TCS lags CC USD revenue growth as it clocked only 0.5% on QOQ basis
against analyst's expectations of 2%.
Although, TCS has already issued profit warning for Q3 after Chennai
floods and the scrip already corrected to some extent, technically, 2295
is a strong support area and consecutive closing below that, it may
further fall towards 2200-2000 zone in the near term. In the alternative
scenario, TCS need to close consecutively above 2385-2410 area for any
up movement up to 2467-2546 area in the short to medium term.
*As par BG metrics & current market parameters, median valuation of TCS:*
(Based on consolidated TTM & FWD EPS)
Present valuation may be near: 2425 (FY-16/TTM)
Projected fair valuation might be around:2550-2750 (FY:17-18/FWD)
SCRIP EPS(TTM) BV(Act) P/E(AVG) Low High Median
200-DEMA 10-DEMA
TCS 120.25 256.98 20 2447.67 2392.95 2420.31
2491.1 2380.97
TCS 120.85 309.1 20 2453.77 2398.92 2426.34
2491.1 2380.97
TCS 133.95 369.25 20 2583.34 2525.59 2554.47
2491.1 2380.97
TCS 154.25 441.25 20 2772.19 2710.22 2741.21
2491.1 2380.97
*Analytical Charts:*
<http://2.bp.blogspot.com/-YphJs-O2siE/VpXBcks6FYI/AAAAAAAAFpw/XIq3WaAEiY8/s1600/TCS-12-01-2015.png>
<http://4.bp.blogspot.com/-hzjHmDkAqRU/VpXBfXwYAWI/AAAAAAAAFp4/7LbJpjJP7F0/s1600/TCS-FIBB-12-01-2015.png>
<http://2.bp.blogspot.com/-sa2qNrEZ1mE/VpXBhCHJDzI/AAAAAAAAFqA/UQYlp4L__fU/s1600/TCS-WK-12-01-2015.png>
<http://2.bp.blogspot.com/-0LwgAlUbp5o/VpXBlJZJBYI/AAAAAAAAFqI/5cCNRfTU3EE/s1600/TCS-PATTERN-12-01-2015.png>
<http://2.bp.blogspot.com/-GsjxNV4dLs8/VpXBmLF6IoI/AAAAAAAAFqQ/aGtBWzfCq2o/s1600/TCS-TL-12-01-2015.png>
<http://1.bp.blogspot.com/-AWle8yIX308/VpXBomCpo3I/AAAAAAAAFqY/LQj_jB34qcY/s1600/TCS-TL-ST-12-01-2015.png>
--
Thanks & Regards,
Asis Ghosh
(asisghosh.blogspot.com)
NCFM-TA Certified
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