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Buy Tech Mahindra, target Rs 730

We recommend buying Tech Mahindra for the upside target of Rs 730 and keeping a stop loss placed below Rs 665.

Tech Mahindra has broken out from the downward sloping trendline, adjoining the high of June 28, August 1 and August 14, 2018 on the daily chart by closing above the Rs 675 levels with higher volumes.
The short-term moving averages are trading above the long-term moving averages, indicating a bullish trend. The momentum indicators and Oscillators are indicating strength in the stock for the short to medium-term.
Technology as a sector is doing well and looking good for the short-term. Therefore, we recommend buying Tech Mahindra for the upside target of Rs 730 and keeping a stop loss placed below Rs 665.
MORE WILL UPDATE SOON!!
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