EquityPandit’s Outlook for TCS for the week  (Feb 26, 2018 – Mar 02, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 4.90%.

As we have mentioned last week, that resistance for the stock lies in the zone of 3000 to 3030 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100. During the week the stock manages to hit a high of 3089 and close the week around the levels of 3076.

Support for the stock lies in the zone of 2980 to 3020 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2880 to 2910 where break out levels are lying.

Resistance for the stock lies in the zone of 3080 to 3100 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 where the stock has formed a top in the month of January-2018.

Broad range for the stock in the coming week is seen between 2900 to 2950 on downside & 3230 to 3280 on upside.