TCS closed the week on absolutely flat note.
As we have mentioned last week, that support for the stock lies in the zone of 2980 to 3020 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2880 to 2910 where break out levels are lying. During the week the stock manages to hit a low of 2977 and close the week around the levels of 3034.
Support for the stock lies in the zone of 2980 to 3020 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 2880 to 2910 where break out levels are lying.
Resistance for the stock lies in the zone of 3080 to 3100 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 3180 to 3230 where the stock has formed a top in the month of January-2018.
Broad range for the stock in the coming week is seen between 2900 to 2950 on downside & 3230 to 3280 on upside.
INFY closed the week on positive note gaining around 0.20%.
As we have mentioned last week, that resistance for the stock lies in the zone of 1165 to 1175 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of around 1200 to 1220 where the stock has formed a top in the month of January-2018. During the week the stock manages to hit a high of 1171 and close the week around the levels of 1163.
Minor support for the stock lies in the zone of 1130 to 1140. Support for the stock lies in the zone of 1100 to 1120 where Fibonacci levels and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1070 to 1080 where Fibonacci levels are lying.
Resistance for the stock lies in the zone of 1165 to 1175 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of around 1200 to 1220 where the stock has formed a top in the month of January-2018.
Broad range for the stock in the coming week is seen between 1100 to 1100 on downside & 1200 to 1210 on upside.
Wipro closed the week on negative note losing around 2.50%.
As we have mentioned last week, that support for the stock lies in the zone of 282 to 287 where the stock has formed a bottom in the month of December-2017 and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 275 where Fibonacci levels are lying. During the week the stock manages to hit a low of 283 and close the week around the levels of 285.
Support for the stock lies in the zone of 282 to 285 where the stock has formed a bottom in the month of December-2017 and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 270 to 273 where Fibonacci levels are lying.
Minor resistance for the stock lies in the zone of 290 to 293. Resistance for the stock lies in the zone of 300 to 305 from where the stock has broken down and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 310 to 315.
Broad range for the stock in the coming week is seen between 270 to 275 on downside & 300 to 305 on upside.
HCL Tech closed the week on negative note losing around 1.40%.
As we have mentioned last week, that support for the stock lies in the zone of 920 to 930 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 880 to 890 where the stock has taken multiple support in the month of January-2018 and long term moving averages are lying. During the week the stock manages to hit a low of 918 and close the week around the levels of 943.
Support for the stock lies in the zone of 920 to 930 where break out levels and short term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 880 to 890 where the stock has taken multiple support in the month of January-2018 and long term moving averages are lying.
Minor resistance for the stock lies in the zone of 970 to 980. Resistance for the stock lies in the zone of 1005 to 1010. If the stock manages to close above these levels then the stock can move to the levels of 1050 to 1060 where life time high for the stock is lying.
Broad range for the stock in the coming week is seen between 900 to 910 on downside & 990 to 1000 on upside.
MORE WILL UPDATE SOON!!
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