EquityPandit’s Outlook for TCS for the week  (June 04, 2018 – June 08, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 3.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 3680 to 3710. If the stock manages to close above these levels then the stock can move to the levels of 3760 to 3800. During the week the stock manages to hit a high of 3675 and close the week around the levels of 1732 (after bonus price).

Support for the stock lies in the zone of 1700 to 1720 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium term moving averages are lying.

Resistance for the stock lies in the zone of 1750 to 1770 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 1810 to 1830 where the stock has formed a high in the month of May-2018.

Broad range for the stock in the coming week is seen between 1650 to 1670 on downside & 1800 to 1820 on upside.