EquityPandit’s Outlook for TCS for the week  (Oct 08, 2018 – Oct 12, 2018) : 

TATA CONSULTANCY SERVICES:

TCS closed the week on negative note losing around 3.70%.

As we have mentioned last week, that 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. During the week the stock manages to hit a low of 2021 and close the week around the levels of 2103.

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.

Minor resistance for the stock lies around 2130 to 2140. 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 2020 to 2040 on downside & 2160 to 2180 on upside.