EquityPandit’s Outlook for TCS for the week  (July 16, 2018 – July 20, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 3.50%.

As we have mentioned last week, that minor support for the stock lies around 1870 to 1890. Support for the stock lies in the zone of 1830 to 1850 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1780 to 1800 from where the stock broke out after consolidation. During the week the stock manages to hit a low of 1871 and close the week around the levels of 1981.

Minor support for the stock lies around 1950 to 1960. Support for the stock lies in the zone of 1900 to 1920 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1830 to 1850 where break out levels are lying.

Resistance for the stock lies in the zone of 2000 to 2020. If the stock manages to close above these levels then the stock can move to the levels of 2050 to 2070.

Broad range for the stock in the coming week is seen between 1900 to 1920 on downside & 2030 to 2050 on upside.