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Shares of India's top software services exporter Tata Consultancy Services Ltd (TCS) gained nearly 1 per cent to a record high of ₹2,282.70.
At 10.35 am, the stocks of TCS were trading higher by 0.45 per cent at ₹2,268.55
The largest listed company by market value breaks above a resistance at ₹2,261.75, the 50 per cent Fibonacci projection level of the uptrend from January 15 low to April 30 high. The breakout suggested that in a couple of days stock may test the next resistance at ₹2,316.26, the 61.8 per cent projection level.
Related news:TCS overtakes RIL to become most valued firm by m-cap
The Trend Intensity (TI) indicator rised to 19, suggesting prices are trending upwards. MACD was positive and above its signal line, seen favourable.
The stock was up 19.4 per cent this year as of last close, outperforming the broader NSE Index's 9.6 per cent gains in the same period.
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