EquityPandit’s Outlook for TCS for the week (August 31, 2015 – September 04, 2015):
TATA CONSULTANCY SERVICES:
TCS closed the week on negative note losing around 4%.
During the week the stock has taken support around the lower end of upward moving channel and 100 & 200 Daily SMA positioned around the levels of 2500 to 2550.
If the stock manages to close above the levels of 2650 the stock can move to the levels of 2725 where upper end of the channel is positioned.
If the stock drifts below the levels of 2500, the stock can move to the levels of 2400 where medium term support for the stock lies.
Broad range for the stock in the coming week is seen between 2500 to 2550 on downside to 2650 to 2700 on upside.