TCS may test Rs 2650, says Manav Chopra

Manav Chopra of Networth Stock Broking told CNBC-TV18, "Tata Consultancy Services (TCS) has formed a very strong support close to the levels of Rs 2,500. In the last three to four months, whenever the stock has tested and held its support of Rs 2,500 levels we have seen a good rally close to the levels of Rs 2,650-2,700.""Looking at the overall formation of last week, since the stock has formed a good reversal formation on the weekly charts with volumes, it clearly indicates that a short-term bottom is in place. So, going forward, I think Rs 2,490 could be a very tight stop loss for this stock and we expect an upside target of at least Rs 2,650," he said.