EquityPandit’s Outlook for TCS for the week  (Sep 03, 2018 – Sep 07, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 1.70%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2050 to 2070. If the stock manages to close above these levels then the stock can move to the levels of 2090 to 2110. During the week the stock manages to hit a high of 2092 and close the week around the levels of 2078.

Minor support for the stock lies in the zone of 2040 to 2050. Support for the stock lies in the zone of 2000 to 2010 from where the stock broke out of July-2018 high. If the stock manages to close below these levels then the stock can drift to the levels of 1930 to 1940 where break out levels and short term moving averages are lying.

Resistance for the stock lies in the zone of 2090 to 2100. If the stock manages to close above these levels then the stock can move to the levels of 2140 to 2160.

Broad range for the stock in the coming week is seen between 2000 to 2020 on downside & 2100 to 2120 on upside.