Tech Mahindra Limited is engaged in the business of computer programming, consultancy and related services. The Company’s segments include Information Technology (IT) Services and Business Processing Outsourcing (BPO). The Company operates in various sectors, including telecom business and enterprise solutions business. The telecom business provides consulting-led integrated portfolio services to customers, which are telecom equipment manufacturers, telecom service providers and IT infrastructure services.
|Company||Tech Mahindra Limited|
|Stop Loss (SL)||Rs.765|
|Time Horizon||2-4 Weeks|
Long term trend is up in this stock. The stock has been in an uptrend and after a moil correction the prices have taken support from its 50 Day EMA and started its upwards move once again. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 795-800) With a stop loss of Rs. 765 on closing basis and respected target seems Rs 850-880. Time frame should be 2-4 weeks.
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