Malkan told CNBC-TV18, "TCS has broken a long-term channel as well as a long-term trend line on the chart which was very strong since last couple of years. So TCS has a long way to go up to around Rs 1,200. Maybe every rise to around Rs 1,400-1,425 would be a good shorting opportunity."
On April 29, Tata Consultancy Services (TCS) closed at Rs 1,370.70, up Rs 2.50, or 0.18 percent. It has touched an intraday high of Rs 1,385.55 and an intraday low of Rs 1,365.
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