EquityPandit’s Outlook for TCS for the week (April 29,2019 – May 03,2019):
TATA CONSULTANCY SERVICES:
Tata Consultancy Services Ltd.
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Stock closed the week on positive note gaining+4.33%
Week High: 2,238.30
Week Low: 2,145.50
Week Range: 92.80Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2207- 2205 levels, Minor resistance on the upside is capped around 2270– 2275 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2130– 2135 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 2325- 2330
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the week as 2330- 2335 on upside and 2130- 2135 on downside.