Signals, Powered By EquityPandit
TCS Weekly Outlook and Analysis:
For the Week: (April 12,2021 – April 16,2021)
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Tata Consultancy Services closed the Weekly on positive note gaining +4.97%
TCS Share Price: 3322.25 (NSE)
Weekly High: 3354.35
Weekly Low: 3151.00
Weekly Range: 203.35 Points
Weekly Support & Resistance For TCS:
| RESISTANCE 2 | 3350 |
| RESISTANCE 1 | 3330 |
| SUPPORT 1 | 2757 |
| SUPPORT 2 | 2605 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 3330 levels, Minor resistance on the upside is capped around 2757 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 @ 2605 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 @ 3350.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 3400 on upside and 2600 on downside.
Nifty IT Index looks bullish and being heavy Weight Chances of TCS to head towards higher levels in higher then Other IT Stock. Stock has seen breakout on the upside and is trading in uncharted territory.
