TCS Weekly Outlook and Analysis:

For the Week: (Aug 03,2020 – Aug 07,2020)

BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T

Stock closed the week on positive note gaining +5.75%

TCS Share Price: 2281.40 (NSE)

Week High: 2358.00

Week Low: 2163.50

Week Range: 194.50 Points
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Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2257levels, Minor resistance on the upside is capped around 2400 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 @ 2210 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 @ 2460.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts range for the week as 2460 on upside and 2200 on downside.

On TCS it break the strong resistance with good volume and making new high. stock is in bullish mode. On the daily time frame the stock is trading above the 100 & 200 EMA and falso trading at the trend line mark.

TCS Weekly Support % Resistance Levels: