vikramsih

Short Tech Mahindra.

BSE:TECHM   TECH MAHINDRA LTD
46 views
0
CMP : 424
SL: 433
TGT 403

Tech Mahindra is in a descending channel . So the trend is declining, so it should breakout below the lower trendline. The green area is the demand zone where it should find support. RSI is also in a downtrend. So shorts can be initiated.

Disclaimer: I am a novice at charting and this chart is purely for educational purpose. Views and opinions are welcome.

Comment: It is down, but at a support level. Revise stop to 424, and book 50% profits and hold rest for 403
Trade closed: stop reached