Tech Mahindra looks strong for positional trade

16 Tem 2023

Nifty IT index which was mute for quite sometime is showing strength again. One of the stock which has the potential to give solid return is TechM. On weekly timeframe, the stock has given clear breakout last week followed by good amount of volumes. RSI is showing strength as it has crossed above 60. Any dip can be a good buy. Stock can go all the way till all time highhigh which is around 48% from the current price.