1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Tech Mahindra Ltd

Discussion in 'Technical Analysis' started by srspriya06, Mar 15, 2013.

  1. srspriya06

    srspriya06 Active Member

    Joined:
    Dec 13, 2012
    Messages:
    243
    Likes Received:
    47
    Tech Mahindra is in uptrend. But it forms Double Top.. Will it be safe to get into this stock?

    Tech Mahindra.png
     
    srspriya06, Mar 15, 2013
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    It would be early to take that as double top and so I would wait for it to break out above that level and then enter with a strict stop loss
     
    shabbir, Mar 15, 2013
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    One more point is - Before Feb exactly same pattern was formed and so it may repeat itself.
     
    shabbir, Mar 15, 2013
    Share #3