nano6yogesh

Tech Mahindra - Topped out ?

Short
NSE:TECHM   TECH MAHINDRA
Tech Mahindra has been struggling to cross the resistance around 722 for past few days.

With IT index looking weak, there is a high probability that the stock may crash soon.

I can see a Double Top formation around 722 levels with a negative divergence.

Good opportunity to short here with stop loss a few points above 722 for a first target around 640 levels.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.


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