TCS Weekly Outlook and Analysis:

For the Week: (Aug 24,2020 – Aug 28,2020)

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

Tata Consultancy Services closed the Weekly on positive note gaining +0.29%

TCS Share Price: 2248.60 (NSE)

Weekly High: 2289.00

Weekly Low: 2238.25

Weekly Range: 50.75 Points

Weekly Support & Resistance For TCS:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2165 levels, Minor resistance on the upside is capped around 2393 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 @ 2089 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 @ 2393.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2450 on upside and 2000 on downside.

TCS form pattern on chart called Diamond Top, it’s a reversal pattern and its has broke down the pattern as we see in chart. TCS fail to break resistance level, as on daily chart stock may see some long unwinding in next few trading sessions.