After the quarterly results TCS will come down but now its range is changed........earlier it used to be Rs 3350-3100 but now on correction it is unlikely to go below Rs 3500-3450 so will look to buy there again.I expect higher price for TCS in next 3 years.
Every stock has a range and in a bull market that range shifts upwards.....same thing applies to stocks like Asian Paints,Pidilite,Titan etc...If one invests in that stock for long enough, he gets a good idea of the range.....