EquityPandit’s Outlook for TCS for the week  (Sep 17, 2018 – Sep 21, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 0.70%.

As we have mentioned last week, that minor support for the stock lies in the zone of 2050 to 2060. Support for the stock lies in the zone of 2000 to 2010 from where the stock broke out of July-2018 high and short term moving averages are lying. 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. During the week the stock manages to hit a low of 2018 and close the week around the levels of 2065.

Minor support for the stock lies in the zone of 2050 to 2060. Support for the stock lies in the zone of 2000 to 2010 from where the stock broke out of July-2018 high and short term moving averages are lying. 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.