Signals, Powered By EquityPandit
TCS Weekly Outlook and Analysis:
For the Week: (Sept 21,2020 – Sept 25,2020)
BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T
Tata Consultancy Services closed the Weekly on positive note gaining +3.19%
TCS Share Price: 2449.90 (NSE)
Weekly High: 2538.00
Weekly Low: 2381.85
Weekly Range: 156.15 Points
Weekly Support & Resistance For TCS:
| RESISTANCE 2 | 2590.00 |
| RESISTANCE 1 | 2550.00 |
| SUPPORT 1 | 2429.00 |
| SUPPORT 2 | 2390.00 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2429 levels, Minor resistance on the upside is capped around 2550 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 @ 2390 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 @ 2590.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts range for the Weekly as 2600 on upside and 2370 on downside.
TCS broke holding the strength and trend for the stock is up, till stock trades above 2400 levels, Every correction will be be buying opportunity for the stock, IT Sector is outperforming the markets and is likely to continue the up moves.
