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Published on 13/07/2020 1:35:39 PM | Source: HDFC Securities Ltd

Momentum Pick - Buy Tech Mahindra Ltd For Target Rs.619 - HDFC Securities

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

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Momentum Pick - Buy Tech Mahindra Ltd For Target Rs.619 - HDFC Securities

* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the upmove in the stock price.

* The daily/intraday RSI is showing positive indication.

Buy Tech Mahindra Ltd Up to 7 days Target 619 SL 557 CMP 584.20

 

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