Tech mahindra showcases a bearish engulfing pattern which indicates an end of the uptrend. Those investors who are focused on making short term gains may wish to sell the shares but long term investors need not necessarily sell as the pattern does not guarantee a downward movement. TechM Reported good numbers and registered a sustainable growth in telecom business and market opportunities where its margins stood at 12.4% revenue. Hence the experts suggest to accumulate or buy the shares with good quantity which is indicated today.
, , Bullish
