technofunda_trader

TECHM ready for the uptrend!🤩💸🔥

Long
NSE:TECHM   TECH MAHINDRA
Buy Tech Mahindra for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Key triggers for future price-performance:
1) Healthy deal wins, traction in communication segment led by legacy modernisation, 5G, customer care, automation, network and cloud to drive revenues.
2) Pruning of low return geographies, acceleration in Europe and improving demand from lift & shift deals to drive 13.6% CAGR growth in FY21-24E.
3) Margins in the near term would be impacted due to continued higher employee and subcontractor costs but are expected to recover.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q3 result.
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💎@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
⁠5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
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