TCS has a lot of potential: Devang Visaria
TCS has a lot of potential, possibly 1100 on the upside.
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| Devang Visaria, Chief Strategist, devangvisaria.com, in a chat with ET Now talks about Wipro and TCS.
What is the call on Wipro and TCS how much more downside for Wipro and how much more headroom for TCS?
For Wipro - possibly in the short term - the downside could be over because the event is out. TCS on the other hand - if you do get a pull back of around 2-3% - it becomes a good opportunity to buy into the stock because I think it has lot of potential, possibly 1100 on the upside. In fact if you are the kind of guy who likes to do pairs, I think safely you could do a long TCS short Wipro pair.
Even at the current levels after a 6% up move in TCS.
Yes, you could possibly do it right now again if you get a 3% adverse ratio again initiated or I think this pair could easily give you another 4-5% returns.
Till expiry.
Possibly expiry or one week more to that.
What is the call on Wipro and TCS how much more downside for Wipro and how much more headroom for TCS?
For Wipro - possibly in the short term - the downside could be over because the event is out. TCS on the other hand - if you do get a pull back of around 2-3% - it becomes a good opportunity to buy into the stock because I think it has lot of potential, possibly 1100 on the upside. In fact if you are the kind of guy who likes to do pairs, I think safely you could do a long TCS short Wipro pair.
Even at the current levels after a 6% up move in TCS.
Yes, you could possibly do it right now again if you get a 3% adverse ratio again initiated or I think this pair could easily give you another 4-5% returns.
Till expiry.
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Possibly expiry or one week more to that.
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