EquityPandit’s Outlook for TCS for the week  (Sep 25, 2017 – Sep 29, 2017) :

TATA CONSULTANCY SERVICES:

TCS closed the week on absolutely flat note.

As we have mentioned last week, that support for the stock lies in the zone of 2450 to 2470 where short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where trend-line support and 200 moving averages are lying. During the week the stock manages to hit a low of 2474 and close the week around the levels of 2504.

Support for the stock lies in the zone of 2450 to 2470 where short and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2370 to 2400 where trend-line support and 200 moving averages are lying.

Resistance for the stock lies in the zone of 2550 to 2580 where the stock has formed a top in the month of July-2017 and August-2017. If the stock manages to close above these levels then the stock can move to the levels of 2700 where the stock has formed a top in the month of June-2017.

Broad range for the stock in the coming week is seen between 2400 to 2430 on downside & 2570 to 2600 on upside.