TCS | TCS Share Price Candlestick Chart in 2023
Hello friends, welcome to our website, today we are going to tell you in this post about TCS, TCS Share Price Candlestick Chart which has achieved its status in the very popular share market, today we will give you all kinds of information related to it today we will answer all your questions. If we try to answer, then stay with us in this post, so now, with no delay, let’s start.
TCS/TCS Share Price
This company is one of the Indian multinational information technology services and consultancy companies. Its headquarter is located in Mumbai, Maharashtra. If we talk about the year 2022, then it has joined the world’s largest IT company by market capitalization ( $ 200 billion). It is a subsidiary company of Tata Group. It was established in the year 1968.
Information about TCS/TCS Share Price Historical Share Price:
If today’s time (TCS Share Price History Moneycontrol) if we talk about the stock, then the price of one share of TCS is running around Rs.3687.95. If we talk about its maximum and least price, then in November 2019, it had crossed Rs. 3800 and in December 2008 it had gone down to Rs. 117. If we talk about the last few years, then this stock has earned very good returns to its shareholders.
How many returns have TCS Share Price given?
If we talk about the returns of TCS Share Price share, then it has given only 30.32% returns in 2021 i.e. in the last year. If seen in the last 5 years, it has given returns of up to 211.72% and if we talk about till date, it has given returns up to 2964%.
About TCS Share Financial Track Records
- If we talk about the financial records of the company, then its Net Profit was 32,447 crores in March 2020, it has increased to about 32,562 crores in June 2021.
- Talking about the company’s total assets, in March 2021, the company’s total assets were 120,899 crores, which was 130,759 crores in the year 2021.
- If we talk about Earning Per Share, then it is Rs 86 (September 2021).
TCS Share Price Candlestick Chart
How to read candlestick charts?
Financial market analysis broadly falls under two categories, technical and fundamental. Whereas fundamental analysis relies on macroeconomic conditions, quarterly earnings, and prevailing interest rates among other factors to predict future price movements, technical analysis uses charts where patterns have been created by securities in the past. is used.
Here we will talk about candlestick patterns and know how to read patterns in candlestick charts.
Candlestick Pattern
A candlestick pattern is formed as a result of an asset’s price rising and falling. Although technical charts can show random patterns, certain patterns are used by traders as buying or selling signals. It should be mentioned that these patterns are indicative and not guaranteed.
Generally, the pattern can be divided into Bullish and Bearish. Bullish patterns indicate that the price is going up, while bearish patterns can precede a price drop.
Candlestick Element
Like a bar chart, a candlestick shows whether the markets are open, closed, high, or low during the trading session. A candlestick has a broader part, which is called the “real body”. It is described as the price range between the opening and closing of the trading session.
When the real body is black in color, it means that the closing price is lower than the opening price quoted by the securities. The empty body is the reverse, meaning the closing price was higher than the start price.
Traders have the option to change the colors in their respective trading platforms. For example, a Down candlestick is usually shaded red (instead of the black color mentioned earlier). The up(up) candlestick can be colored green (instead of white).
How to read candlestick patterns
There are several basic forms of candlestick patterns such as Bearish Engulfing Pattern, and Bullish Engulfing Pattern. Let us now see how to interpret candlesticks.
Bearish Engulfing Pattern: This pattern is formed when the sellers of securities are outnumbering the buyers. You can detect this pattern when you see (engulfing) a small green real body surrounded by a long red real body. A bearish engulfing pattern is an indication that bears are in control and the price of securities is likely to fall lower.
Bullish Engulfing Pattern: Unlike the Bearish Engulfing pattern, this pattern is formed when the number of buyers outweighs the sellers. This pattern consists of a long green real body, surrounded by a short red colored real body. Is. Traders interpret this pattern as a buy signal. When a Bullish Engulfing Pattern is formed, the price is expected to rise.
Bearish Evening Star: An evening star is a pattern that is formed when the price of securities is at the top. When the last candlestick in the pattern opens below the previous day’s smaller real body, the pattern formed is called a Bearish Evening Star. The presence of this pattern means that the securities may see selling pressure in the future.
Is Bearish Harami: This pattern indicates that traders are confused. A small red body completely inside the real body of the previous day is called a Bearish Harami. If the price continues to move upwards after such a pattern is formed, the upward movement is likely to continue. But if the price starts falling, it is likely to continue falling further.
Bullish Harami: When a smaller green-colored real body is inside the previous day’s larger real body, the pattern is called a Bullish Harami. The pattern is an indication that a trend is halting and that an upward movement may be imminent.
Bearish Harami Cross: This pattern is formed during an uptrend. When the Doji follows an upward-moving candlestick—were the candlesticks open and close nearly identically—the pattern is called a Bearish Harami Cross. In addition, the Doji is within the real body of the previous season. Traders interpret the pattern in the same way as the Bearish Harami.
Bullish Harami Cross: This candlestick pattern is formed during a decline. It is formed when a Doji follows a downtrend candlestick. Doji is inside the real body of last season. The pattern, similar to the Bullish Harami, signals a trend halt, followed by an upward movement.
Conclusion: Candlestick patterns help traders to predict the price movement in the future. Candlesticks help traders gauge sentiment around securities and other asset classes. Although these patterns indicate future price movements, experts suggest that the signals are not always guaranteed to be true.
TCS Share Price Target 2025
The biggest assets of TCS are the people working in that company. Which has made the company stand on this point today. Along with enhancing the skills of the employees, a lot of investment is seen in new innovations.
Because of this, the company is seen as keeping its business updated at all times. Due to this, the company keeps getting large orders from outside countries. If the company is able to keep such updates, then in the coming days, it will be seen growing more rapidly.
Due to this the share price is also going to be seen increasing gradually. TCS share price shows full potential to show the first target of Rs 8100 by 2025. On touching this target, another target of Rs 8500 can be seen.
TCS Stock by Futures
Looking from the future point of view, TCS appears to be the best company in this sector. With tremendous growth every year, good fundamentals are also seen. Talking about their business, the pace of the company’s business has just started.
As people will get connected with technology, its business is also going to be seen running with good speed. If you stay invested in this stock for a long time, then the ability to earn good returns is definitely visible in the business of this company.
Risk in TCS share
Being a company associated with the IT sector, as much as the future is visible, the risks are also seen along with it. Keeping your business updated in AC company requires a lot of investment and innovative ideas. If you fail to make changes in your business over time, then there can be a big impact on the business of the company.
my opinion:-
TCS is the fastest-growing IT company in India. There are many opportunities in its business. Along with consistently good profits, the shareholders also pay good dividends.
If you want to take dividends along with good returns, then this stock must be in your portfolio for a long time. But before making any investment, do your analysis once. Because this post is only for educational purposes. Doesn’t prompt you to buy any stock.
Some Questions Related
- Is TCS shares good for long-term investment?For a long time, TCS has remained an investor’s favorite choice for long-term investment, and it continues to be the same. Short-term or medium-term investment gains may not be possible due to changes in the market, but it still might be a good choice for long-term investment.
- What is future of TCS share?Tata Consultancy Services Limited’s quote is equal to 3299.550 INR at 2022-07-08. Based on our forecasts, a long-term increase is expected, and the “TCS” stock price prognosis for 2027-07-05 is 6834.790 INR. With a 5-year investment, the revenue is expected to be around +107.14%.
- Is TCS giving bonus?Tata Consultancy Services on Thursday said it will give a one-time bonus to all eligible employees to mark the 10th anniversary of its initial public offer or IPO. India’s biggest outsourcer will give one week’s salary for every year of service rendered, a move that will cost the company $423 million or Rs 2,628 crore.
- What are red flags in TCS?The Red Flags Rule (RFR) is a set of United States federal regulations that require certain businesses and organizations to develop and implement documented plans to protect consumers from identity theft. Any creditor or financial institution that allows covered accounts must implement a program for Red Flags Rule.
- Can brother and sister work in TCS?
Employees, officers, and directors of Organizers and any affiliated entities, and their respective immediate families (parents, spouse, children, siblings) or individuals residing in their household (whether or not related) are not eligible Applicants.
- How to make money trading with candlestick charts telegram?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
Forex candlestick chart
Candlestick charts are the most popular charts among forex traders because they are more visual. … It is easier to recognize price patterns and price action on candlestick charts. Candlestick charts offer more information in terms of price (open, close, high, and low) than line charts
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