when you see the monthly chart of TCS , you can clearly see that last month's candle was above 50 MA which is clear sign of breakout. No doubt that TCS. has performed well in this month also but now we can clearly see that monthly MACD is ready for bullish cross.
In my view this is the clear indication that TCS is ready for new glories. also considering the macro economic factors - we see that interest rates have stabilised in U.S.A and India was already quite well placed during the last two years.
On top of that when we see the profit and loss statement company is continuously growing in the absolute numbers. Growth percentage might be up and down but even after that what is important is that it was growth percentage.
In my view this is the clear indication that TCS is ready for new glories. also considering the macro economic factors - we see that interest rates have stabilised in U.S.A and India was already quite well placed during the last two years.
On top of that when we see the profit and loss statement company is continuously growing in the absolute numbers. Growth percentage might be up and down but even after that what is important is that it was growth percentage.
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