Signals, Powered By EquityPandit
TCS Weekly Outlook and Analysis:
For the Week: (Sept 04,2020 – Sept 18,2020)
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Tata Consultancy Services closed the Weekly on positive note gaining +3.73%
TCS Share Price: 2374.10 (NSE)
Weekly High: 2390.45
Weekly Low: 2283.35
Weekly Range: 107.10 Points
Weekly Support & Resistance For TCS:
| RESISTANCE 2 | 2430.00 |
| RESISTANCE 1 | 2390.00 |
| SUPPORT 1 | 2260.00 |
| SUPPORT 2 | 2228.00 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2260 levels, Minor resistance on the upside is capped around 2390 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2228 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 2430.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2450 on upside and 2220 on downside.
TCS on the Daily chart is inching up last week hits all time highs, trend for the stock is up and stock can test levels of 2500 in short term once sustains above 2390.
