In today's(9th July 2021) session Shares of Tata Consultancy Services swung between gains and losses following its June quarter results which were lower than expectations. The scrip declined over 1 percent in early trade to Rs 3,211.85 on the BSE, however, it recouped losses to trade marginally in the green at Rs 3,271.05 around 10.40 am.
Analysts largely hold bullish views on the stock although they are concerned about the valuations. Most expect TCS to bounce back following a blip in the Q1 earnings show.
The technical charts signals for the stock in the days ahead are as below:
Tata Consultancy Services (TCS)
Likely target: Rs 3,700 and Rs 3,900
Upside potential: 8% and 15%
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