EquityPandit’s Outlook for TCS for the week  (July 09, 2018 – July 13, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 3.50%.

As we have mentioned last week, that resistance for the stock lies in the zone of 1870 to 1890 where the stock has formed a high in the month of June-2018. If the stock manages to close above these levels then the stock can move to the levels of 1910 to 1930. During the week the stock manages to hit a high of 1921 and close the week around the levels of 1913.

Minor support for the stock lies around 1870 to 1890. Support for the stock lies in the zone of 1830 to 1850 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1780 to 1800 from where the stock broke out after consolidation.

Resistance for the stock lies in the zone of 1910 to 1930. If the stock manages to close above these levels then the stock can move to the levels of 1950 to 1960.

Broad range for the stock in the coming week is seen between 1850 to 1870 on downside & 1930 to 1950 on upside.