Signals, Powered By EquityPandit
TCS Weekly Outlook and Analysis:
For the Week: Sept 28,2020 – Oct 01,2020)
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Tata Consultancy Services closed the Weekly on negative note losing –1.13%
TCS Share Price: 2422.30 (NSE)
Weekly High: 2555.00
Weekly Low: 2302.60
Weekly Range: 252.40 Points
Weekly Support & Resistance For TCS:
| RESISTANCE 2 | 2590.00 |
| RESISTANCE 1 | 2522.00 |
| SUPPORT 1 | 2429.00 |
| SUPPORT 2 | 2230.00 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2429 levels, Minor resistance on the upside is capped around 2522 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2230 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 2590.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2600 on upside and 2200 on downside.
On TCS, Stock break the resistance with good volume and strength and moving above trend line, now stock has positive strength and volume so we expect next week stock to have a good performance.
