Technical Analysis of Indian Equities by Nooresh

Tech Mahindra – Stock on Radar

Tech Mahindra

 

TECH MAHINDRA

 

-> The stock has been our favorite from the times of 700/1100 levels and so on. The long term trend continues to be strong with a pause for last 6-8 months with a few tops at 1900-1950.

-> In the short term one can expect a move towards 1950 till it holds 1800. Will see some momentum above 1870.

-> But what will be interesting is whenever it starts a fresh breakout above 1950 which can give a cool 10-20% move. In dips 1700-1750 has been a good support in current market conditions which is a positive sign.

 

 

Will keep a watch on this stock in coming weeks for some momentum trades.

 

Technical Trades – May 2014.

Contents

-> Technical View on Nifty
-> Technical View on Bank Nifty

-> High Risk High Return Small Caps ( Pharma and Infra Space )

-> 7 trading setups with short and medium term view.

-> Follow up on 3 additional trade setups already shared with pre-order subscribers.

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Thanks and Regards,

Nooresh Merani

www.analyseindia.com

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nooreshtech@analyseindia.com

Article by Nooresh Merani

Nooresh has written 2738 articles.

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