TECHMAHINDRA - NSECo website- www.techmahindra.com
India's 6th largest IT company-- Communication, Media & Entertainment, Retail & CPG, Healthcare & Life Science, Banking & Financial Services, Transport, Hospitality & Logistics and Manufacturing & Utilities
150000 professionals across 90 countries, market cap 1.1lc cr ( $13.5 BILLION ) , 10% Sales growth yoy, virtually debt free, 64% free float.
Inr - usd trading @ 82, future results to benefit from forex flux. Bet you know someone who works there ;)
Setup is clean, money punted in. LFG
TECHM trade ideas
Tech Mahindra looking +ve for a take off....Tech Mahindra Ltd is the multinational information technology and consulting company. It is a part of Mahindra group having operations in over 100 countries leveraging next generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, AI and many more. It ranks among the top 7 IT brands globally with AA+ rating.
Tech Mahindra CMP is 1093.60. Negative aspects of the company are declining annual net profits, declining cash from operations annual, FIIs are decreasing stake, promoter holding decreasing. Positive aspects of the company are no debt. MFs are increasing stake and zero promoter pledge.
Entry after closing above 1103. Target of the call will be 1141 and 1163. Long term targets in the stock will be 1196 and 1230+. Stop loss in the stock should be maintained at closing below 986.
TECHMwe are looking TECHM Bullish move rapidly
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Channel BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
TECH MAHINDRA monthly range breakout PREMPTINGtech mahindra range breakout preempting
it index is strong and most negative news are priced in
on monthly basis its forming a marubozu candle
my sl is 940weekly closing basis
target 1277 1484
after falling forming range
on weekly basis range breakout has occur and this week i will be consider for confirmation if it closes above 1127 on weekly basis