EquityPandit’s Outlook for TCS for the week  (June 11, 2018 – June 15, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 0.90%.

As we have mentioned last week, that support for the stock lies in the zone of 1700 to 1720 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium term moving averages are lying. During the week the stock manages to hit a low of 1711 and close the week around the levels of 1747.

Support for the stock lies in the zone of 1700 to 1720 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 1760 to 1770 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1810 to 1830 where the stock has formed a high in the month of May-2018.

Broad range for the stock in the coming week is seen between 1700 to 1710 on downside & 1800 to 1820 on upside.