Friday, October 28, 2011

Tech Mahindra - Technofunda



 Tech Mahindra                     CMP  586                                                                     SL  560                                                        Target  640 

Company Description

Tech Mahindra Limited provides information technology (IT)  services to the telecommunications industry worldwide. Its IT   solutions comprise consulting services, such as strategy   planning, assessment, procurement, and re-engineering   solutions, as well as planning, audits, and practices; system   integration and transformation services; managed services,including application management, infrastructure management,revenue management, and mobile virtual network enabler   services; application development, maintenance, and support   services; B/OSS solutions; and business intelligence and data   management solutions.  

 
The company also offers network   solutions and services, including network lifecycle, network   integration and testing, data quality management, managed   network, and network solutions; and infrastructure management   services comprising data centre, managed network, application   support, and end user services. The company was founded in1986 and is based in Pune, India.

 

  

Technical Comments

Stock has Gapped-up(570-571) after making higher low and higher high should target Rs.640 on higher side 100DMA -673 & 200DMA Rs.678 can possibly be target for the stock in short term, while strong  support comes around Rs.560. Traders can hold the stock with Rs.560 as strong stop loss.

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www.nangakaro.com

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