Tech Mahindra has been struggling to cross the resistance around 722 for past few days.
With IT index looking weak, there is a high probability that the stock may crash soon.
I can see a Double Top formation around 722 levels with a negative divergence.
Good opportunity to short here with stop loss a few points above 722 for a first target around 640 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
With IT index looking weak, there is a high probability that the stock may crash soon.
I can see a Double Top formation around 722 levels with a negative divergence.
Good opportunity to short here with stop loss a few points above 722 for a first target around 640 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.