Tech Mahindra has formed a beautiful double bottom with a high volume confluence and a valid shakedown which increases the probability of the trade in our favour
It is currently resting under the 50EMA,
A break of the 50EMA and high marked in red
could see a potential to the upside with targets
1150 and 1250 for a longer trade.
Stop loss below the pullback near neckline should
suffice
It is currently resting under the 50EMA,
A break of the 50EMA and high marked in red
could see a potential to the upside with targets
1150 and 1250 for a longer trade.
Stop loss below the pullback near neckline should
suffice
Note
First Target Hit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.