Tech Mahindra can see lower levels

17 באוג׳ 2016

TECHM...Tech Mahindra Is under pressure due to BREXIT and Relative weakness in IT sector. Though the Quarterly results were fairly in line with analysts expectations, Sector weakness and BREXIT could lead TechM to lower levels.

Technically TEchM is in Multitimeframe bearish trend. I expect levels of 450 over next few months before any significant support can come in. 510 levels can acts as a stoploss as well as resistance.