Tech Mahindra: Long position: weekly

Tech Mahindra taking support at 61% fib retracement. If a reversal is to happen, this is the right place and price to enter in. RSI is low and MACD also showing low values. Plan to enter the trade when the price closes above the recent high (1156).

Entry : 1156
Target : 1830
Stop loss : 920

P.S: Posting for learning purposes only. Please let me know if you find my analysis wrong.

Have a good day

TECHM