MUlti-year Blue Sky Zone Breakout in TechMahindra

13 Eki 2020

Blue Sky Zone Mega Breakout means all time high price breakout in TechMahindra stock . Stock has try to breakout in Feb. 2020, April 2019, Feb 2019 but not succeed. In Feb. 2019/Sept. 2018 stock has broken high of Rs 740 of year 2015 and make new high just close to the same after share price falls from the new peak. Now, share gives multi year breakout and IT sector is already providing strong rally. The company consistently providing good profit results from last five years and providing average five year revenue growth of 11% and cash rich company. My Fist Target is Rs 960 and second target Rs 1050 and third target Rs 1140 with Stop loss of 710-720. Long term investment horizon for 3 months to one year.