CRAME NOTE: Positional View on Tech Mahindra

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Dear Christite,

Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa.

After the recent fall Tech Mahindra has been consolidating. Daily chart suggests the formation of a bearish flag , with base around 472 levels. A break below this level can push the prices down to the interim demand zone marked in the chart.



DISCLAIMER

The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog.

Analysts

Prof. Binu P Paul PhD
Prof. Soumya V ACSI  

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