EquityPandit’s Outlook for TCS for the week  (Nov 19, 2018 – Nov 23, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 1.10%.

As we have mentioned last week, that minor support for the stock lies around 1860 to 1880. Support for the stock lies in the zone of 1800 to 1820 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1660 to 1680 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 1858 and close the week around the levels of 1887.

Minor support for the stock lies around 1860 to 1880. Support for the stock lies in the zone of 1800 to 1820 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1660 to 1680 where long term Fibonacci levels are lying.

Minor resistance for the stock lies around 1910 to 1920. Resistance for the stock lies in the zone of 1970 to 1990 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 2010 to 2030 where Fibonacci levels and short term moving averages are lying.

Broad range for the stock in the coming week is seen between 1820 to 1840 on downside & 1930 to 1950 on upside.