TCS can slip to Rs 650: Gujral

Technical Analyst, Ashwani Gujral is of the view that Tata Consultancy Services, TCS can slip to Rs 650.

Gujral told CNBC-TV18, "They were all attempting some kind of a rally and these rallies have been terminated. Remember, these stocks were looking strong till the Infosys results came out and they have now all broken down. that’s actually a much more worse thing than a stock That’s already going down because a lot of people are long in these stocks. So they could fall much harder from here."

He further added, "Wipro could be headed towards Rs 360. TCS could be headed towards Rs 650. Satyam is already headed towards Rs 420, so the decline in the next phase may be led by the techs."