TECH MAHINDRA BREAKOUT
Updated
TECHM hit a fresh all time high when the overall market is very weak. It gave a breakout from a rising wedge pattern.
Look to enter at CMP if it breaks the day's high. Enter with rest of the position once stock retraces.
Possibility of a fakeout is very high but the IT sector is the only sector outperforming in Indian markets.
Stock is also good for long term buy and hold.
Note
Entry executed today. Price broke yesterday's high. Hold and sit tight.
Trade active
2 days big retracement. Enter with rest of position next week.Trade closed: stop reached
Unfortunate aggressive selling in IT sector made sl hit.
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