TCS Outlook for the Week (Oct 12,2020 – Oct 16,2020)

If stock breaches minor assistance on the disadvantage and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 2585 and If stock breaches small resistance on the advantage and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 2980.

Weekly Low: 2603.05.00.

ASSISTANCE 1.
2660.00.

Technically on the day-to-day charts EquityPandits Analyst see: Minor assistance on the disadvantage lies at 2660 levels, Minor resistance on the advantage is topped around 2892 levels.

For the Week: (Oct 12,2020– Oct 16,2020).

Weekly Range: 281.95 Points.

SECTOR: I.T.

RESISTANCE 2.
2980.00.

BSE: 532540

On TCS, Stock break the resistance with excellent volume strength and moving above trend line, now stock has favorable strength and volume we expect in next week stock give excellent efficiency.

RESISTANCE 1.
2892.00.

Weekly Support & & Resistance For TCS:.

TCS Share Price: 2812.95 (NSE).

Tata Consultancy Services closed the Weekly on positive note gaining +11.47%Acquiring

SUPPORT 2.
2585.00.

Stock is trading above 200 days exponential moving average, suggests long term pattern is bullish. EquityPandit predicts range for the Weekly as 3000 on upside and 2550 on disadvantage.

Weekly High: 2885.00.