Buy and Hold Tech Mahindra above Rs879.90, Target Rs909.90 +, SL Rs864:
The stock has created a strong base around Rs864 in last few trading
sessions. The above level coincides with 100-DMA, suggesting strength in
the counter. Infact, the same moving average has been holding up since
May 2012. Any
pullback to retest the support point (100-DMA) should be viewed as a
buying opportunity with a better risk reward ratio. (Duration 7 days)
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