TECHM trade ideas
Tech MahindraTech Mahindra is looking good....@ 1100.... where all the stocks of the IT stocks have already shot up...Tech Mahindra is gaining the momuntum.
As per the option chain, the data is clearly indicating the short covering.
One can buy futures or ITM Call.
Buy ITM of 1080 between 18-20
Stop loss: 11
Target: 30 - 35
Resistance Breakout in Tech Mahindra on Daily Time FrameHere we can see that due to demand of the stock it has broken the resistance level with volume conformation and it has taken a pullback now its ready to give an up move. It has broken resistance on daily timeframe so it should last for a while.