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


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

1 TCS

BSE: 532540| NSE: TCS | ISIN: INE467A01029 | SECTOR: I.T

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

TCS Share Price: 2812.95 (NSE)

Weekly High: 2885.00

Weekly Low: 2603.05.00

Weekly Range: 281.95 Points

Weekly Support & Resistance For TCS:

RESISTANCE 2 2980.00
RESISTANCE 1 2892.00
SUPPORT 1 2660.00
SUPPORT 2 2585.00

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2660 levels, Minor resistance on the upside is capped around 2892 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 @ 2585 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 @ 2980

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

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