Breakout in TECHMAHINDRA.
Actualizado
=Today, Tech Mahindra showcased a significant breakout after consolidation within a parallel channel pattern across multiple time frame.
=After undergoing of correction of over 50% last year this stock now seems to give a good momentum. We can reasonably anticipate a potential gain of at least 10% from this level.
NOTE- Do prepare your setup and then Analyze. Not a recommendation from my side.
=After undergoing of correction of over 50% last year this stock now seems to give a good momentum. We can reasonably anticipate a potential gain of at least 10% from this level.
NOTE- Do prepare your setup and then Analyze. Not a recommendation from my side.
Nota
Patience is the key that eventually gets rewarded.As anticipated, after pulling back to previous resistance level, the price has made a significant upward move. It's now all set to reach its target.
Entry can be initiated now if not initiated yet. One could go by Putting 1:2 risk reward ratio.
Not a recommendation from my end.
What's your views ?, do let me know in comment section.
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