Tech Mahindra looks strong: Sukhani
Published on Tuesday, November 10th, 2009 at 10:47 PMAuthor: stockalert (2026 Articles)
Tech Mahindra is looking strong, says Technical Analyst, Sudarshan Sukhani.
“For Mahindra Satyam the story is that while the strong move is there, why don’t you simply stick to Tech Mahindra. That is my advice to most of the viewers. Tech Mahindra has broken out of a trading range. It is very strong. The fact remains that it has multiplied five times in six months but that is what most of them have done. So if you are a long-term investor, you need to look at Tech Mahindra seriously.”
He further added, “If you are a trader, you must wait for a dip, don’t try to bold it today. I have to give that statutory warning. Last week on Friday, we heard a suggestion that you go short at 4,820 when the markets open; it wasn’t a very good idea. When the markets are going up, it is always my opinion that you don’t stand in front of a running train.”
Source : MoneyControl
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