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Published on 18/04/2019 10:13:55 AM | Source: Religare Securities Ltd

Buy Tech Mahindra Ltd For The Target Rs.820 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Tech Mahindra Ltd #IT Sector #Trading Report #Religare Securities Ltd

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Tech Mahindra Limited (TECHM)

After making a record high in February 2019, TECHM witnessed marginal profit taking and touched the support zone around 770. It has spent almost a month now in a consolidation range and looks all set for fresh surge. Its chart formation combined with positivity in IT pack is adding to the positivity. We advise initiating fresh longs in the given range.

Recommendation

Buy Tech Mahindra Ltd @792-796, Stoploss 784 Target 820 CMP 798.10.

 

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