TECHM trade ideas
Tech Mahindra for Short TermChart -> TECH MAHINDRA Daily
After a brief downtrend, Tech Mahindra has given a double bottom breakout with a volume pop-out.
CMP: 1032
Target: 1100
SL: 1010
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Tech Mahindra taking support on long term trend line.Tech Mahindra is taking support at long term trendline for a positional buy.
Also, has tailwinds viz. 5G theme, DII buy, increasing dollar.
Disclaimer : Being published only for educational purpose. Please do your own research. You're responsible for your profit or loss.
Bounce or Breakdown? Tech Mahindra is at its previous Trendline resistance zone and it remains to see if it can make it a support now.
A breakdown can take it lower to dotted black trend support levels.
Considering the strong quarterly results by Accenture as well, and good Margin of Safety here, one can accumulate slowly.
PE levels are near historical 10 year levels and a good quarterly result can trigger an upside.
Not an investment advice, only for research purpose.