Signals, Powered By EquityPandit
TCS Weekly Outlook and Analysis:
For the Week: (Dec 28,2020 – Jan 01,2021)
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Tata Consultancy Services closed the Weekly on positive note gaining +1.69%
TCS Share Price: 2909.35 (NSE)
Weekly High: 2921.35
Weekly Low: 2785.00
Weekly Range: 136.35 Points
Weekly Support & Resistance For TCS:
| RESISTANCE 2 | 3055 |
| RESISTANCE 1 | 2980 |
| SUPPORT 1 | 2696 |
| SUPPORT 2 | 2587 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2696 levels, Minor resistance on the upside is capped around 2980 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 @ 2587 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 @ 3055.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 3100 on upside and 2550 on downside.
On TCS, stock coming up and making new high with good, now stock has positive strength and volume. As positive upward trend give stock to achieve new lifetime high picks.
