EquityPandit’s Outlook for TCS for the week  (Nov 06, 2017 – Nov 10, 2017) :

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 1.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2580 to 2600 where the stock has formed a top in the month of July-2017. If the stock manages to close above these levels then the stock can move to the levels of 2660 to 2700 where the stock has formed a top in the month of June-2017. During the week the stock manages to hit a high of 2674 and close the week around the levels of 2620.

Minor support for the stock lies in the zone of 2560 to 2580. Support for the stock lies in the zone of 2480 to 2510 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 2420 to 2450 where trend-line support and 200 moving averages are lying.

Resistance for the stock lies in the zone of 2660 to 2700 where the stock has formed a top in the month of June-2017. If the stock manages to close above these levels then the stock can move to the levels of 2750 to 2800 where life time high for the stock is lying.

Broad range for the stock in the coming week is seen between 2500 to 2530 on downside & 2700 to 2750 on upside.