Shardul Kulkarni of Angel Broking told CNBC-TV18, "On all the IT counters, this decline should be used to buy, but I will not hurry and buy at this price. I will wait for some time for wise consolidation. TCS might move in the range of Rs 2,200-2,280 over the next 8-10 trading sessions, form some sort of a pattern and then might resume its uptrend."
He further added, "The stock is in a good strong higher top, higher bottom cycle, so any decline is basically an opportunity to enter. A time wise correction is something which traders should wait for."
Disclosure: It is possible that analyst has positions in the above stock and he recommended them to his clients.
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