Tech Mahindra - Good one to go long
Tech Mahindra
CMP 603
Target 750
Stop 505.
1) Moved past 2 plus years resistance with above average volumes.
2) Facing a mild resistance at 670 which should not be a bottleneck.
3) Broad based reverse H & S pattern seen, which is a positive sign.
4) 30/200 EMA crossover .
CMP 603
Target 750
Stop 505.
1) Moved past 2 plus years resistance with above average volumes.
2) Facing a mild resistance at 670 which should not be a bottleneck.
3) Broad based reverse H & S pattern seen, which is a positive sign.
4) 30/200 EMA crossover .
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