EquityPandit’s Outlook for TCS for the week  (Nov 26, 2018 – Nov 30, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 3.90%.

As we have mentioned last week, that minor support for the stock lies around 1860 to 1880. Support for the stock lies in the zone of 1800 to 1820 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1660 to 1680 where long term Fibonacci levels are lying. During the week the stock manages to hit a low of 1798 and close the week around the levels of 1813.

Support for the stock lies in the zone of 1800 to 1820 where long term moving averages and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1660 to 1680 where long term Fibonacci levels are lying.

Minor resistance for the stock lies around 1850 to 1860. Resistance for the stock lies in the zone of 1880 to 1900 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 1960 to 1980 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the stock in the coming week is seen between 1740 to 1760 on downside & 1860 to 1880 on upside.