EquityPandit’s Outlook for TCS for the week  (July 30, 2018 – Aug 03, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 2.60%.

As we have mentioned last week, that 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. During the week the stock manages to hit a high of 2015 and close the week around the levels of 1944.

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.

Minor resistance for the stock lies in the zone of 1970 to 1980. Resistance for the stock lies in the zone of 2000 to 2020 where the stock has formed a top in the month of July-2018. 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 & 2000 to 2020 on upside.