Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "On Friday Tech Mahindra was in a trading range for almost a month and it broke out from that trading range on the upside making lifetime highs. So, the fact that there was a range, a consolidation and a breakout suggests that there is more steam ahead."
"There is trade, at current levels one can still go long and hold for few days," he said.
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