BombayBulls
Short

Technical Analysis Of Tech Mahindra ( TECHM ) - 9/29/2016

NSE:TECHM   TECH MAHINDRA INR5
53 0 0
It is not a good time to be a share holder of IT companies. We have outlaid reasons for IT stock softness earlier which you can check in earlier posts. Especially someone secondary player like Tech Mahindra it is going to be really tough going forward. If it has something in it, then it is time to show now. Technical picture is already clouded for the stock but once it starts playing with 400 level, worries start mounting. Because below 400, it will be a drop from the cliff             . A 100 point drop after 400 can't be ruled out. Weakness in IT sector along with topped out general equity market doesn't bode well for the stock.

Please check the links for other posts related to Indian IT stocks.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out