- TECH MAHINDRA – Posted their Q4 results on 21.05.2019 with a decline of 7% profit than previous year.
THE CONDITIONS OF DOUBLE TOP ARE
1. Two tops should be equivalent.(Yes present)
2. The duration between the tops must be minimum 1 month.( 60 days interval is present )
3. The volume during the second top or the neck crossing line should be high. (very high volume is present in both the points )
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Stock Ticker – NSE: TECHM – Tech Mahindra Ltd. – IT
Bearish Trade plan:
Entry Level 743.30 Target 683.90 Stoploss 802.70
Analyst Rating – :4/5
View Posted on 2019-05-23