Moneycontrol
Last Updated : Dec 05, 2018 11:07 AM IST | Source: Moneycontrol.com

Buy Tech Mahindra, target Rs 830: Aditya Agarwala

The stock may be bought in the range of Rs 720-725 for targets of Rs 795-830, keeping a stop loss above Rs 675, says Aditya Agarwala of YES Securities.

Moneycontrol Contributor @moneycontrolcom
 
 
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Aditya Agarwala

On the weekly chart, Tech Mahindra is on the verge of a breakout from a Triangle pattern indicating a resumption of the uptrend on cards.

Further, on the daily chart, it has turned upwards after taking support at the 200-DMA suggesting the start of an uptrend. The stock may be bought in the range of Rs 720-725 for targets of Rs 795-830, keeping a stop loss above Rs 675.

Disclaimer: The author Technical Analyst at YES Securities (I) Ltd. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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First Published on Dec 5, 2018 11:07 am
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