EquityPandit’s Outlook for TCS for the week (Mar 25, 2019 – Mar 29, 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 +0.81%
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 1960- 1970 levels, whereas minor resistance on the upside is capped around 2070 – 2080 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 1880- 1890 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 2120- 2130
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 2120- 2130 on upside & 1880- 1890 on downside.