Monday, November 20, 2006

Tech Mahindra steadily climbing up.


Tech Mahindra (BSE code: 532755) has witnessed an astonishing rise and has doubled in prices since September 2006. CMP is 1139 and a close above 1180 will be take it higher to the the upper resistance line around 1270. This line has been tested only twice and hence it is important to see if the stock faces resistance there. If not then the stock can go to 1500 in no time. Stop loss should be 1010 on closing basis.

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