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Tag Archives: TCS share prices

We can notice the Share prices trading near Resistance zone

TCS Share prices testing the resistance zone.

By Trading Predator April 17th, 2018 No Comments

TCS share prices are trading very close to the structural resistance zone. Price action is on a Range bound or sideways Market structure. After failing to break the high at 3300 in Feb, shares saw some moderate correction. Prices tumbled from 3300 to 2800 within two months. This move is the precursor for trend reversal,

Share Buybacks from Big companies

Why do companies Buyback their Own shares ?

By Trading Predator February 24th, 2017 No Comments

Shareholders get excited about the news of share buyback, (As Happened with TCS) but have you ever thought why a Company would give away its capital margins back to the shareholders? It may seem little counter-intuitive as the capital is accumulated at first by selling equity and preference shares. Then why would a company buy

Tata consultancy service

Tata Consultancy services | Price action reacts to Q1 estimate

By Trading Predator July 15th, 2016 No Comments

TCS reported a net profit of 6,317 crore in the first quarter of the financial year 2016-17. Price action made consecutive highs few days before the announcement. It’s a perfect example of market dynamics discounting fundamental reports and events. The average consensus estimate was 6,059 crore and company announced interim dividend Rs. 6.5 per equity