Tech Mahindra
Daily chart
- Tech Mahindra has broken below a 6 - month uptrend line and is showing weakness trading in a down trending channel
- The stock is forming lower tops and lower bottoms
- It’s advisable for short traders to sell the counter around 1780 – 1800 with a stop loss of 1825 for targets of 1723 / 1663 below 1600.
- Long traders avoid the counter unless decisive close above 1825.
Raju V Angadi
Equity Research Analyst
To know more about probable counts analysis on NIFTY, BANK NIFTY and CNX IT along with 5 stocks for the month check out our newsletters and advisory services contact us back on rvangadi@googlemail.com (OR) swingresearch5@gmail.com (OR) +91 78291 55900
To swing your fortune higher join us and be ahead to track market turns ....
Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets
No comments:
Post a Comment