EquityPandit’s Outlook for TCS for the week  (July 02, 2018 – July 06, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 2.10%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1830 to 1840 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 1880 to 1900. During the week the stock manages to hit a high of 1885 and close the week around the levels of 1848.

Minor support for the stock lies around 1820 to 1830. Support for the stock lies in the zone of 1780 to 1800 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 1720 to 1730 where the stock has taken multiple supports.

Resistance for the stock lies in the zone of 1870 to 1890 where the stock has formed a high in the month of June-2018. If the stock manages to close above these levels then the stock can move to the levels of 1910 to 1930.

Broad range for the stock in the coming week is seen between 1800 to 1820 on downside & 1880 to 1900 on upside.