EquityPandit’s Outlook for TCS for the week (February 08, 2016 – February 12, 2016):

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 1.30%.

As we have mentioned last week that resistance for the stock lies in the zone of 2450 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 2500 where 200 Daily SMA is lying. During the week the stock manages to hit a high of 2440 and close the week around the levels of 2422.

Support for the stock lies in the zone of 2340 to 2360 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 2250 from where the stock has broken out of the consolidation range in the month of June – 2014.

Resistance for the stock lies in the zone of 2450 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 2500 where 200 Daily SMA is lying.

Broad range for the stock in the coming week is seen between 2340 to 2360 on downside to 2450 to 2470 on upside.