TCS Outlook for the Week (Dec 07,2020 – Dec 11,2020)

For the Week: (Dec 07,2020 – Dec 11,2020)


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

Tata Consultancy Services closed the Weekly on positive note gaining +1.79%

TCS Share Price: 2727.55 (NSE)

Weekly High: 2773.90

Weekly Low: 2624.45

Weekly Range: 149.45 Points

Weekly Support & Resistance For TCS:

RESISTANCE 2 2980.00
RESISTANCE 1 2892.00
SUPPORT 1 2587.00
SUPPORT 2 2488.00

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 2587 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 @ 2488 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 2450 on downside.

On TCS, come down after making new high and take the support of gap on weekly chart now stock has positive strength and volume we expect in next week stock give good performance.