Tech Mahindra hovering near all-time high; chart suggest more upside
• Tech Mahindra has performed relatively well since the outcome of 3rd quarter result.
• The stock is currently hovering at all time high with significant increase in average trading volume.
• The stock has broken the 4-month long consolidation range and moved past the resistance level with the appearance of high-volume breakout gap.
• The major support for the stock is placed at 680 level.
• On the indicator front, the stock is well placed above its 21-days moving average.
• The chart suggest that breakout gap has triggered the bullish momentum and there’s more upside to come.