Buy Tata Consultancy Services, target Rs 2650: Harchekar

Amit Harchekar of A Plus Analytics told CNBC-TV18, "Recently, Tata Consultancy Services (TCS) has negated a triangle breakdown pattern which happened below Rs 2,530. This indicates that the stock has moved back into a good momentum space and we are expecting this rally in TCS to extend all the way towards Rs 2,650 to Rs 2,700. Apart from that, we have also seen similar reversal in CNX-IT. Even that is providing good relief to buy TCS at this juncture.""From a short-term perspective, we would recommend a buy at these levels, maintain stop loss of Rs 2,470 and play for a target of Rs 2,650 in the coming days," he added.