EquityPandit’s Outlook for TCS for the week (April 15, 2019 – April 19, 2019):
TATA CONSULTANCY SERVICES:
Tata Consultancy Services Ltd.
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Stock closed the week on negative note losing -1.84%
Week High: 2,088.10
Week Low: 2,013.75
Week Range: 74.35 Points
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for TCS at 2000- 1990 levels, whereas minor resistance on the upside is capped around 2090- 2100 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 1950- 1960 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 2160- 2170.
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 2160- 2170 on upside & 1950- 1960 on downside.