EquityPandit’s Outlook for TCS for the week  (Oct 01, 2018 – Oct 05, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on positive note gaining around 3.80%.

As we have mentioned last week, that resistance for the stock lies in the zone of 2100 to 2120. If the stock manages to close above these levels then the stock can move to the levels of 2140 to 2160. During the week the stock manages to hit a high of 2212 and close the week around the levels of 2184.

Minor support for the stock lies in the zone of 2130 to 2150. Support for the stock lies in the zone of 2100 to 2110 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2020 to 2040 where low for the month of September-2018 is lying.

Resistance for the stock lies in the zone of 2200 to 2220 where high for the month of September-2018 is lying. If the stock manages to close above these levels then the stock can move to the levels of 2260 to 2280.

Broad range for the stock in the coming week is seen between 2100 to 2120 on downside & 2220 to 2240 on upside.