TCS Outlook for the Week (Aug 03,2020 – Aug 07,2020)

TCS Weekly Support % Resistance Levels:.

RESISTANCE 1.
2400.00.

On TCS it break the strong resistance with great volume and making brand-new high.

SECTOR: I.T.

Stock is trading below 200 days rapid moving average, recommends long term trend is bearish. EquityPandit predicts variety for the week as 2460 on upside and 2200 on downside.

For the Week: (Aug 03,2020– Aug 07,2020).

Week High: 2358.00.

SUPPORT 2.
2210.00.

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 @ 2210 and If stock breaches minor resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 2460.

Stock closed the week on positive note gaining +5.75%Acquiring

Week Low: 2163.50.

TCS Share Price: 2281.40 (NSE).

Week Range: 194.50 Points?Technically on the everyday charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 2257levels, Minor resistance on the advantage is topped around 2400 levels.

ASSISTANCE 1.
2257.00.

On TCS it break the strong resistance with good volume and making brand-new high. stock is in bullish mode. On the daily time frame the stock is trading above the 100 & & 200 EMA and falso trading at the pattern line mark.

SECTOR: I.T.

RESISTANCE 2.
2460.00.

Stock closed the week on positive note gaining +5.75%Getting