EquityPandit’s Outlook for TCS for the week  (Feb 12, 2018 – Feb 16, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 5.80%.

As we have mentioned last week, that minor support for the stock lies in the zone of 3080 to 3120. 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. During the week the stock manages to hit a low of 2897 and close the week around the levels of 2972.

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 2780 to 2810 from where the stock broke out of November-2017 highs and short term moving averages are lying.

Resistance for the stock lies in the zone of 3000 to 3030 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100.

Broad range for the stock in the coming week is seen between 2770 to 2800 on downside & 3070 to 3100 on upside.