Tech Mahindra Limited
Long
Updated

DIRT CHEAP | IT STOCKS | TECHM | BULLISH

406
TECHM is trading below long time support/ trend line and is expected to retest previous highs given IT industry needs to bounce back as it forms the back bone of banking and other tech related sectors. BNF & NDX are near record highs. hence it should be a just a matter of time when this bounce back happens. Time to take delivery of IT stocks - Large cap IT stocks
have marked key zones in the chart, Let's see how this works out.
Pro tip: Also, all of these stocks are paying very good dividend, buying these at lower levels will ensure a higher dividend payout ratio.
Note
Time to book profits in F&O from 1325-1350.
Delivery quantities continue to stay
Trade closed: target reached

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.