Add this stock to be part of the current bull run

Add this stock to be part of the current bull run

With NIFTY 50 settling down at 12,282.2 and the Sensex at 41,626.64 it seems like January 2020 will belong to the bulls. Many people might think that they are late for the party and would like to extract some nectar out of this market at this stage.   In light of this, presented below is the analysis of Tech Mahindra. With a closing price of 766.05 on 2nd January, an upward sloping channel can be seen on daily charts. Longs can be initiated with a stop loss of 760 and an upside target of 784. The risk-reward ratio would be 1:3.  
Disclaimer: We have provided this information to traders and investors for educational purposes only. It is neither a legal interpretation nor a statement of SEBI policy. Before making any investment or trading decision it is advised to consult with your financial advisor.
Happy trading!
Satyarth Grover

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