TATA CONSULTANCY SERVICES:
TCS closed the week on negative note losing around 1.30%.
As we have mentioned last week, that support for the stock lies in the zone of 2880 to 2910 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2780 to 2810 from where the stock broke out of November-2017 highs and short term moving averages are lying. During the week the stock manages to hit a low of 2892 and close the week around the levels of 2933.
Support for the stock lies in the zone of 2880 to 2910 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 2780 to 2810 from where the stock broke out of November-2017 highs and short term moving averages are lying.
Resistance for the stock lies in the zone of 3000 to 3030 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 3080 to 3100.
Broad range for the stock in the coming week is seen between 2700 to 2750 on downside & 3030 to 3050 on upside.
INFOSYS:
INFY closed the week on positive note gaining around 1.70%.
As we have mentioned last week, that minor support for the stock lies in the zone of 1095 to 1100. Support for the stock lies in the zone of 1070 to 1080 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 1020 to 1030 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1090 and close the week around the levels of 1128.
Minor support for the stock lies in the zone of 1095 to 1100. Support for the stock lies in the zone of 1070 to 1080 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 1020 to 1030 where Fibonacci levels are lying.
Minor resistance for the stock lies in the zone of 1130 to 1140. Resistance for the stock lies in the zone of 1160 to 1170 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 1070 to 1080 on downside & 1150 to 1160 on upside.
WIPRO:
Wipro closed the week on positive note gaining around 2.10%.
As we have mentioned last week, that support for the stock lies in the zone of 280 to 285 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 286 and close the week around the levels of 291.
Support for the stock lies in the zone of 280 to 285 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.
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 & 305 to 310 on upside.
HCL TECHNOLOGIES:
HCL Tech closed the week on negative note losing around 2.80%.
As we have mentioned last week, that 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. During the week the stock manages to hit a high of 973 and close the week around the levels of 937.
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 & 970 to 980 on upside.
MORE WILL UPDATE SOON!!
0 comments:
Post a Comment