Tech Mahindra: Awaiting Breakout

TECH MAHINDRANSE

Description

⋅ Dec 29, 2016 3:44 AM

This stock has been consolidating in a right range and the IT stocks have been relative out-performers off-late. A breakout above the cloud would be a positive development and could help the stock seek next resistance at 570-580 range.

This one is in my watchlist.

TECHM Ichimoku Cloud

Comments

NeeteshJain

⋅ Dec 29, 2016 4:18 AM

It is also in my watchlist as well. Forming a symmetrical triangle/pennant on hourly chart.

Wish you the best,

Regards