Price broke out of a major resistance on July 13 and then the price was stuck in a trading range for the last several days. Price is in a steady uptrend as we see a well-defined sequence of higher high and higher lows. Price saw a range expansion candle which is an outside day and a good quality trend continuation signal. The breakout from consolidation can be considered as a flag breakout pattern. IT as a sector has seen a very good run in recent times. Buy Tech Mahindra around Rs 630 and CMP for a rally to Rs 670 and above that to Rs 700. Keep a stop below Rs 605.
TK cross over + Above VWAP + MACD cross over => indicates bullish trend
TK cross over + Above VWAP + MACD cross over => indicates bullish trend