Signals, Powered By EquityPandit
TCS Weekly Outlook and Analysis:
For the Week: (Dec 20,2021 – Dec 24,2021)
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Tata Consultancy Services closed the Weekly on Negative Note Losing 1.44%
TCS Share Price: 3584.35
Weekly High: 3662
Weekly Low: 3558.10
Weekly Range: 103.90 Points
Weekly Support & Resistance For TCS:
| RESISTANCE 2 | 3705 |
| RESISTANCE 1 | 3644 |
| SUPPORT 1 | 3540 |
| SUPPORT 2 | 3497 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 3540 levels, Minor resistance on the upside is capped around 3644 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 @ 3497 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 @ 3705
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 3705 on upside and 3497on downside.
