Tech Mahindra has given trendline breakout on weekly charts with rising volumes. ADX has turn positive on weekly charts. Stock has closed above all short term moving averages on weekly as well as daily charts.
One can initiate long position around 495-505 levels with stop loss below 449 on closing basis for target of 564-582 in next 8-10 weeks.
One can initiate long position around 495-505 levels with stop loss below 449 on closing basis for target of 564-582 in next 8-10 weeks.