Call Us : +91-9039-7777-00

Buy Call on Tech Mahindra – Learn How to Know the Trend

Home  >>  Money Classic research  >>  Buy Call on Tech Mahindra – Learn How to Know the Trend

Buy Call on Tech Mahindra – Learn How to Know the Trend

The technical analysts are of the view that you can buy Tech Mahindra with a target price of Rs 650 as it is on a bullish trend. At present, the market price of Tech Mahindra is Rs 644.10. To reach the defined target, analysts have given the time period of ‘Intra Day’. It is expected that within intraday Tech Mahindra price can reach at 650. The analysts have also recommended keeping a stop loss at Rs 630.

The company was incorporated in the year 1986. It is a Large Cap company that mainly operates in Information Technology sector. The company has a market cap of Rs 62,532.54 Crore. Some of the top managing people of the company are Mr.Anand G Mahindra, Mr.Anupam Puri, Mr.M Damodaran and Mr.C P Gurnani. The auditors of the company are Deloitte Haskins & Sells LLP. The company has a total of 979,361,244 shares outstanding as on 31 December 2017.

As we know that the technical analysts have to study stock charts, which occur over and over again. So, to gauge the trend, you need to be aware of the technical indicators. Following are two important technical indicators that help you in gauging the trend.

Fundamentally, Moving Average Convergence Divergence indicator is the comparison of two moving averages. You are allowed to set two moving averages for any time period that you want to calculate. It could be the 12-day and 26-day moving average of the stocks that are used. Basically, the concept behind MACD is that when the short-term line crosses the long-term line, then the signal of future stock activity is generated. When the short-term line tends to run under the long-term line or crosses above it, then the stock will trade higher. Similarly, traders and technical analysts can predict a sell-off when the short-term line crosses under the long-term line.

The Relative Strength Index is an oscillator that is easy to implement. No matter, whether or not, you are experienced, you can easily implement this technical indicator effectively to generate accurate stock future tips. Oscillators like the RSI help the traders in determining when a stock is overbought or oversold. The RSI is the right indicator for traders, those like to buy low and sell high. The Money Classic Research is one of the best intraday tips providers that offer the wide range of services at an affordable price.

Leave a Reply

Your email address will not be published. Required fields are marked *