TCS has resistance at Rs 783-802: Mathew

Technical Analyst, E Mathew is of the view that TCS has resistance at Rs 783-802.

Mathew told CNBC-TV18, "Infosys chart is looking stronger than TCS chart. I have a slightly different view here because no doubt the short-term weakness in the rupee is aiding these technology stocks. But if you look at the stocks specific charts at least chaotically it’s not inspiring too much confidence. TCS has the ability to go to the strong resistance zone of Rs 783-802 but the million-dollar question is will it be able to sustain."  

Disclosure: Analyst doesn't have a personal holding in the above stock but his clients may hold position.