Tech Mahindra Strong candidate for revershal
As per daily layout of the chart, the following is noted :-
1. Stock standing at centre line of MACD, which is a sign of revershal.
2. The stock in uptrend and whole sector is making higher high and lower low.
3. Stock at its support line 1300, sign of revershal.
4. RSI rising and at 50, shortly 55 and 60 can be crossed.
5. keeping in view of the above mentioned factors, one can buy this stock in futures by holding 1300 and 1340 CE Feb or Mar expiry or in cash for next leg of move for 1500 and 1600 levels.
1. Stock standing at centre line of MACD, which is a sign of revershal.
2. The stock in uptrend and whole sector is making higher high and lower low.
3. Stock at its support line 1300, sign of revershal.
4. RSI rising and at 50, shortly 55 and 60 can be crossed.
5. keeping in view of the above mentioned factors, one can buy this stock in futures by holding 1300 and 1340 CE Feb or Mar expiry or in cash for next leg of move for 1500 and 1600 levels.
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