TCS Weekly Outlook and Analysis:

For the Week: (Aug 10,2020 – Aug 14,2020)

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

Stock closed the week on negative note gaining +0.61%

TCS Share Price: 2295.35 (NSE)

Week High: 2328.00

Week Low: 2225.05

Week Range: 102.95 Points

Weekly Support & Resistance For Tata Consultancy Services Limited:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2257 levels, 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 @ 2435.

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

TCS if breaks the strong resistance with good volumes it can head higher. Stock is trading in bullish mode. On the daily time frame the stock is trading above the 100 & 200 EMA and also trading at the trend line mark. In next trading sessions stock can head towards all time highs.