EquityPandit’s Outlook for TCS for the week  (May 28, 2018 – June 01, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 2.40%.

As we have mentioned last week, that resistance for the stock lies in the zone of 3550 to 3600 where the stock has formed a double top pattern. If the stock manages to close above these levels then the stock can move to the levels of 3700 to 3750. During the week the stock manages to hit a high of 3675 and close the week around the levels of 3586.

Support for the stock lies in the zone of 3520 to 3550 from where the stock broke out of April-2018 high. If the stock manages to close below these levels then the stock can drift to the levels of 3400 to 3450 where the stock has taken multiple supports.

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.

Broad range for the stock in the coming week is seen between 3400 to 3450 on downside & 3700 to 3750 on upside.