EquityPandit’s Outlook for TCS for the week (Mar 18, 2019 – Mar 22, 2019) :
TATA CONSULTANCY SERVICES:
Tata Consultancy Services Ltd.
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Stock closed the week on positive note gaining +0.89%
Week High: 2040.20
Week Low: 1988.60
Week Range: 51.60 Points
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for TCS at 1940- 1930 levels, whereas minor resistance on the upside is capped around 2080 – 2090 levels.
If TCS breaches minor support on the downside and closes below it we may see fresh breakdown and stock may drag towards next major support levels lower side around 1830- 1840 if TCS breaches minor resistance levels on the upside and closes above it we may see fresh breakout and stock can head towards major resistance levels placed around 2150- 2160
Currently trend for the stock is bullish as stock trading above 200 days exponential moving averages. EquityPandit predicts TCS range for the week is seen from 2150- 2160 on upside & 1830- 1840 on downside.