EquityPandit’s Outlook for TCS for the week  ( Jan 29, 2018 – Feb 02, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 5.50%.

As we have mentioned last week, that support for the stock lies in the zone of 2880 to 2910 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 from where the stock broke out of earlier high. During the week the stock manages to hit a low of 2922 and close the week around the levels of 3121.

Support for the stock lies in the zone of 3000 to 3050 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2880 to 2910 where break out levels are lying.

Resistance for the stock lies in the zone of 3150 to 3200. If the stock manages to close above these levels then the stock can move to the levels of 3300 to 3330.

Broad range for the stock in the coming week is seen between 2950 to 3000 on downside & 3300 to 3330 on upside.