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TCS reported a revenue drop in Q2, while Infosys and HCL cut FY24 revenue guidance.Brokerages made only minor tweaks to their estimates and most of them maintained
Short-term traders can look to buy the stock on a break above 68 levels for a possible target of Rs 90-125 in the next 6 months, suggest experts.
The realty stock hit a 52-week high of Rs 564 on 10 October 2023. The stock has been in a strong uptrend after it surpassed the 2009 high of Rs 490 on 31st August 2023.
TCS has broken a triangle formation on the weekly chart. It formed higher high-higher low pattern. The overall structure looks good for short-term investment.
On the daily chart, DLF has successfully broken out above a 'consolidation zone' ranging from Rs 543- 514. The weekly strength indicator RSI given a crossover above its reference line generated a buy signal.