900-950 ideal for entering TCS: Technical Trends
We are going to see lower levels in all IT largecaps. Infosys has already begun its correction & has Wipro.
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| What is the call on large cap IT stocks?
Sudarshan Sukhani: The rally that we saw in large cap IT stocks is probably over which is the reason why I have added TCS to my short selling list after a long time. We are going to see lower levels in all of them. Infosys has already begun its correction, Wipro has done it.
So the 2 stocks left are TCS and HCL Tech. Both will correct. The chances are that their correction will be relatively shallow but for TCS we can look at 900 to 950 and that would be an attractive level to enter it.
Sudarshan Sukhani: The rally that we saw in large cap IT stocks is probably over which is the reason why I have added TCS to my short selling list after a long time. We are going to see lower levels in all of them. Infosys has already begun its correction, Wipro has done it.
So the 2 stocks left are TCS and HCL Tech. Both will correct. The chances are that their correction will be relatively shallow but for TCS we can look at 900 to 950 and that would be an attractive level to enter it.
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