TechMahindra - Double Bottom TechMahindra has made double bottom and once the neckline breaks we can expect a movement beyond 1550. How to trade:
Option 1: we can trade now as it is following 20EMI till the neckline i.e.1311 and then once it breaks the neckline we increase position size
Option 2: Let's wait till neckline is broken (conservative) and we can also wait once it breaks neckline and retest the same.
Other factors:
1. RSI above 60
2. MACD we can see improving
3. Tech stocks will see momentum especially large caps
"Clean Charts, Easy Charts"
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