Tech Mahindra currently seems to have attractive charts. After Last Quarters results
declaration, there was gap down of over 14% from 649 to 540 in end of May. By First
week of July it had made a low of 458.
Since then it is been trying to recover, it has not recovered completely, but it has come
to a point of lower end of the gap down of 550 Levels. This is a nice technical place,since
there is a possibility that it starts filling the gap. If Market supports, a strong upside
momentum is possible.
It is trying to break out the resistance level of 565, if it breaks the level, strong upside
momentum on the cards.
Watch this space for more updates.
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