Time to be cautious on Tech Mahindra
Tech Mahindra was trading in a range from couple of weeks.
But from last few days, we can see weakness.
Its now at the critical juncture of bottom trendline of the channel, and any close below this channel can take the price levels max to 560.
There will be various intermediate supports where it can take a support and retrace back also.
So if anyone is holding this script, should be careful and should have an exit plan in place.
But from last few days, we can see weakness.
Its now at the critical juncture of bottom trendline of the channel, and any close below this channel can take the price levels max to 560.
There will be various intermediate supports where it can take a support and retrace back also.
So if anyone is holding this script, should be careful and should have an exit plan in place.
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