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Tech Mahindra Ltd

Buy Tech Mahindra Ltd CMP 1543 Buy Range : 1500 - 1580 Target 1840 Stop Loss 1400

• The stock has broken out from an “Ascending triangle” pattern on the daily chart and surpassed above its 200 DEMA zones.

• It has formed a strong bullish candle on the weekly scale with higher than average traded volumes.

• RSI momentum indicator is rising, confirming positive sentiment.

• Looking at the overall price structure, we are expecting the stock to inch higher towards the 1840 zone.

• Hence, we advise traders to buy the stock with a stop-loss of 1400.

NBCC (India) Limited

Buy NBCC (India) Limited CMP 104 Buy Range : 102 - 106 Target 122 - 106 Stop Loss 95

• The Stock has broken out from an “Inverted Head and Shoulder” pattern suggesting a continuation of the up trend. • The up moves are supported with higher than average traded volumes.

• RSI indicator is positively placed, confirming bullish momentum.

• Price continues to hold above its short-term moving average, reaffirming trend strength.

• Looking at the overall price structure, we are expecting the stock to inch higher towards the 122 zone.

• Hence, we advise traders to buy the stock with a stop-loss of 95.

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