Bounce or Breakdown?
Tech Mahindra is at its previous Trendline resistance zone and it remains to see if it can make it a support now.
A breakdown can take it lower to dotted black trend support levels.
Considering the strong quarterly results by Accenture as well, and good Margin of Safety here, one can accumulate slowly.
PE levels are near historical 10 year levels and a good quarterly result can trigger an upside.
Not an investment advice, only for research purpose.
A breakdown can take it lower to dotted black trend support levels.
Considering the strong quarterly results by Accenture as well, and good Margin of Safety here, one can accumulate slowly.
PE levels are near historical 10 year levels and a good quarterly result can trigger an upside.
Not an investment advice, only for research purpose.
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