Tech Mahindra reversal play for June month

27 May 2022

Can we see a reversal on cards from next week? the grey horizontal support is crucial as close below this means booking your loss... price is also resting on an ascending trendline support...therefore might rebound upto 1330 level where resistance comes... one can take position for the month of June but it will take just one aggressive move by russia or china to spoil the carefully laid plans of the mutual funds to sore up their performances at end of Q1 so be wary of all long trades and track them even more closely