1. TCS LTP 3825.30
| Counter | TCS LTP 3825.3 |
| Call | Buy on dip |
| Target 1 | 4,000 |
| Target 2 | – |
| Stop Loss | 3,720 |
| Time Horizon | 3-4 weeks |
| Notes | — |
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. In FY 2023, the company delivered revenue of ₹225,458 crore, a growth of 17.6%. This growth has come at an industry-leading operating margin of 24.1%. TCS continues to play a crucial role with clients to enable their business transformation, helping them accelerate new technology adoption and bring agility into execution.
| Previous Close | 3787.5 | TTM EPS | 122.04 |
| 52 Week High | 3929.9 | TTM PE | 31.33 |
| 52 Week Low | 3005.1 | P/B | 15.6 |
| Sector PE | 34.7 | Mkt Cap (Rs. Cr.) | 13,99,221 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
- TCS is on the verge of giving a consolidation break-out above 3800 levels for the following 4200 & higher levels in weeks to come. Overall, the technical bias remains “Buy-On-Dip” in TCS in weeks to come.
- As per the price study, the counter immediate support is at around 3720 & significant 3580 levels, while the higher-end potential target cum immediate resistance cum target can be at around 4000 levels.
- Last two years, higher band cum resistance is between the 3800-4000 zone while significant support is at around 3400 levels for the next few months to come with a Buy-On-Dip outlook.
Open Interest Study
- As per the Option Chain Study, the counter has maximum CE build-up at 4000 & 4200 Strike Rates while maximum PE build-up is at 3600 & 3700 Strikes, which indicates that dips toward support levels can attract fresh buying interest.
F&O Strategy
| Scrip | TCS LTP 3825.30 |
| Risk | Moderate |
| Ratio | 1:1 |
| Action | Scrip | Quantity | Entry Price | LTP |
| BUY | TCS JAN 3800 CE | 175 | 150.05 | 150.05 |
| SELL | TCS JAN 4200 CE | 175 | 32.0 | 32.0 |
|
2. BEL LTP 174.9
| Counter | BEL LTP 174.9 |
| Call | Buy on dip |
| Target 1 | 185 |
| Target 2 | 200 |
| Stop Loss | 160 |
| Time Horizon | 3-4 weeks |
| Notes | — |
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy and the Air Force. BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, space electronics including satellite integration, energy storage products including e-vehicle charging stations, solar, network & cyber security, railways & metro solutions, airport solutions, Electronic Voting Machines, telecom products, passive night vision devices, medical electronics, composites and software solutions.
| Previous Close | 170.7 | TTM EPS | 4.6 |
| 52 Week High | 176.3 | TTM PE | 38.4 |
| 52 Week Low | 87.0 | P/B | 3.5 |
| Sector PE | 54.8 | Mkt Cap (Rs. Cr.) | 127,774 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
- The counter, though trading in the “Over-Bought” zone with a weekly RSI at 79.29 levels, the significant momentum remains “Range to UP”, holding above 160 and major positional 140 levels.
- On the higher end, the counter in the short to mid-term can attempt towards 185 & significant positional resistance of 200 levels. In the short to mid-term, support is at around 160 levels.
- in the future, In the short-term, one can look for a “Buy-On-Dip” outlook above 160 levels for mentioned 185 & major 200 levels in the next few weeks.
Open Interest
- Dec series major CE build-up is at 175 & 180 CE while maximum PE is at 160/ 170 Strikes. This indicates that fresh buying should be looked at on dips only, or “Bull Ratio Spread” can be looked at for Jan-series as per Risk-Appetite.
F&O Strategy
| Scrip | BEL LTP 174.9 |
| Risk | Moderate |
| Ratio | 1:2 |
| Action | Scrip | QTY | Entry Price | LTP |
| BUY | BEL JAN 170 CE | 5700 | 12.85 | 12.85 |
| SELL | BEL JAN 190 CE | 5700 | 4.8 | 4.8 |
|
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