EquityPandit’s Outlook for TCS for the week  ( Jan 22, 2018 – Jan 25, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 6.60%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2800 to 2850 where life time high for the stock is lying. If the stock manages to close above these levels then the stock can move to the levels of 2950 to 3000. During the week the stock manages to hit a high of 2982 and close the week around the levels of 2959.

Support for the stock lies in the zone of 2880 to 2910 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2800 to 2830 from where the stock broke out of earlier high.

Resistance for the stock lies in the zone of 2950 to 3000. If the stock manages to close above these levels then the stock can move to the levels of 3070 to 3100.

Broad range for the stock in the coming week is seen between 2830 to 2880 on downside & 3080 to 3100 on upside.