EquityPandit’s Outlook for TCS for the week  (Nov 20, 2017 – Nov 24, 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 2660 to 2700 where the stock has formed a top in the month of June-2017. If the stock manages to close below these levels then the stock can drift to the levels of 2550 to 2600 from where the stock broke out of July-2017 high. During the week the stock manages to hit a low of 2687 and close the week around the levels of 2707.

Support 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 below these levels then the stock can drift to the levels of 2550 to 2600 from where the stock broke out of July-2017 high.

Resistance for the stock lies in the zone of 2750 to 2800 where life time high for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 2850 to 2900.

Broad range for the stock in the coming week is seen between 2600 to 2630 on downside & 2800 to 2850 on upside.