Chart Of The Day – TCS Proves Its Mettle Again

Tata Consultancy Services sprints 5.6% on the back of strong earnings. The Company reported strong Q1 numbers yesterday, delivering revenue and EPS growth of 16% and 26% y/y, respectively. As a result, the stock hit a new high and closed 26% above its pivot price of Rs 1,563.50. It exhibits strong technical characteristics with Price Strength of 93 and Buyer Demand of B-.

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