TECH MAHINDRA BREAKOUT

TECHM hit a fresh all time high when the overall market is very weak.
It gave a breakout from a rising wedge pattern.
Look to enter at CMP if it breaks the day's high. Enter with rest of the position once stock retraces.

Possibility of a fakeout is very high but the IT sector is the only sector outperforming in Indian markets.


Stock is also good for long term buy and hold.

Kommentar:

Entry executed today. Price broke yesterday's high.
Hold and sit tight.

Trade ist aktiv:

2 days big retracement. Enter with rest of position next week.

Trade geschlossen: Stop wurde erreicht:

Unfortunate aggressive selling in IT sector made sl hit.