The stock markets may be consolidating, but most of our stocks are proving their true multibagger potential. It is the time for Q1 company results. The Q1 results have been announced for IT company TCS (Tata Consultancy Services). If you remember, I have already been sharing exit alerts for all major IT firms last weeks. Continuing with the exit alert series, this post is to highlight the possibility of significant lower price levels for TCS stock. The TCS stock CMP (as on July 10, 2015) is around Rs.2500 and as per the trend TCS stock price may touch levels of Rs.2300 to Rs.2150 in future. It is advisable to exit this stock as of now and we may re-evaluate its trend after few weeks. Currently, there is bearish trend spotted for all major IT stocks and so one may take out any TCS shares from their portfolio. Instead one can invest in better value picks and multibagger stocks to get decent returns in medium to long term. Again, I stress on the point that this is just my personal opinion based on the stock research done by me. Investors can do their own analysis or consult any certified stock analyst before taking any stock buy or sell decision. The objective of sharing this post is to make people aware and you are welcome to share your views on TCS stock below.
NOTE: The above share market information about stock exit alerts is purely my own personal take / view / discussion on TCS shares (Tata Consultancy Services stock from IT sector) after my analysis. I am seeking views and opinions of all readers to know more about these TCS IT stock in Indian stock market. I am not at all a certified Stock Analyst or Stock Broker or Research Analyst. All my readers of this blog are advised to perform their own analysis and consult any authorized research analyst or financial advisor before taking their investment decision.
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