Home > Short Sell Ideas > Short Sell- Tech Mahindra

Short Sell- Tech Mahindra

Friday, August 3, 2007 Leave a comment Go to comments

Tech Mahindra another IT stock is hinging on its support of 1260-1270. The stock might fall further.

Short term traders can play countertrend around these levels while long term traders can go short when these levels break.Here is the chart:

techm.jpg

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Categories: Short Sell Ideas
  1. sagecapital
    Saturday, August 4, 2007 at 11:54 am

    Check the charts to find next support levels. I have not recommended anyone to add stocks that are in a downtrend to the portfolio.

  2. Rahul
    Saturday, August 4, 2007 at 9:55 am

    Your are very right, these tech shares can go further down looking at the sentiments as well as the rupee apprecitiation.

    Considering Infosys breaking 1900 level, TCS 1090 Level and Tech Mahindra breaking 1260 level, where do you see next level of strong support for all these 3 biggies.

    This will help all of us to keep a close watch before adding to our portfolios.

    Thanks as always for your great advices.

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