Stock of the day : Tech Mahindra Ltd Target Rs. 1760 - Religare Broking Ltd

Tech Mahindra Ltd
Buy Tech Mahindra Ltd CMP 1655.20 Range 1652-1656 SL 1600 Target 1760
* Tech Mahindra appears to be forming a flag pattern, typically an early indication of a potential continuation of the prevailing bullish trend.
* The stock’s intermediate-term trend remains positive, as evidenced by the consistent formation of higher highs and higher lows—an essential characteristic of an ongoing uptrend.
* This technical setup also indicates that the stock is well-positioned for further upside in the near term.
* Investors may consider initiating long positions within the given price range.
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