Tech Mahindra Limited technical view
- Tech Mahindra is showing a W formation. W formation is a reversal pattern and occurs before the start of a bull market.
- Stock is trading close to its 200 DMA. So we will get a good clue soon if the stock wants to enter the bull market zone or remains in the bear market zone which is below the 200 DMA.
- Good volume increase seems to be happening over the past few day's.
- BUT WATCH HOW THE STOCK BEHAVES WHEN IT APPROACHES THE 200 DMA AND THEN TAKE A DECISION TO BUY IT OR NOT.
san..hi..
ReplyDeleteur post http://niftychartsandpatterns.blogspot.com/2010/09/unitech-near-resistance-line.html
ws amazing..i thinh its time to book and prob reverse as highly OS
Thanx manu
ReplyDeletesan ..
ReplyDeletei booked and waiting fr a updated chart on unitech