Signals, Powered By EquityPandit
TCS Weekly Outlook and Analysis:
For the Week: (August 16,2021 – August 20,2021)
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Tata Consultancy Services closed the Weekly on positive note gaining +4.64%
TCS Share Price: 3463.40 (NSE)
Weekly High: 3480.00
Weekly Low: 3310.00
Weekly Range: 170 Points
Weekly Support & Resistance For TCS:
| RESISTANCE 2 | 3650 |
| RESISTANCE 1 | 3530 |
| SUPPORT 1 | 3010 |
| SUPPORT 2 | 2875 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 3010 levels, Minor resistance on the upside is capped around 3530 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 @ 2775 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 @ 3650.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 3700 on upside and 2700 on downside.
