EquityPandit’s Outlook for TCS for the week  (Mar 26, 2018 – Mar 28, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 0.30%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 2800 and close the week around the levels of 2818.

Support for the stock lies in the zone of 2750 to 2800 from where the stock broke out after 04 years of consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2600 to 2650 where long term moving averages are lying.

Resistance for the stock lies in the zone of 2900 to 2950 from where the stock broke down from February-2018 lows. If the stock manages to close above these levels then the stock can move to the levels of 3000 to 3050 from where the stock broke down after consolidation.

Broad range for the stock in the coming week is seen between 2700 to 2750 on downside & 2950 to 3000 on upside.