TCS may touch Rs 1850-1900: Rahul Mohindar

Sep 13, 2013, 06.00 PM IST

Rahul Mohindar of viratechindia.com is of the view that Tata Consultancy Services (TCS) may test Rs 1850-1900. He advises to be cautious on the IT space.

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TCS may touch Rs 1850-1900: Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that Tata Consultancy Services (TCS) may test Rs 1850-1900. He advises to be cautious on the IT space.

Like this story, share it with millions of investors on M3

TCS may touch Rs 1850-1900: Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that Tata Consultancy Services (TCS) may test Rs 1850-1900. He advises to be cautious on the IT space.

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Rahul Mohindar of viratechindia.com told CNBC-TV18, "I think Tata Consultancy Services (TCS) is going to be a little more of a correction as I was expecting. A lot of these pharmaceutical names or for that matter technology names would consolidate here, more time wise than pricewise. So we might head down to maybe Rs 1,900 or Rs 1,850 in terms of the price point but probably we would resume trend. It is very evident when one looks at the last three-four sessions of volume, which has been declining down showing lack of interest in terms of selling pressure."

"I think what we are witnessing here is correction and consolidation and will not see this as a shorting opportunity but I will be cautious amongst the technology names at least for the next four-five percent in the very near-term," he adds.

HEALTHCARE: Future of Healthcare

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