Trading Strategies: Mehul Kothari recommends to buy Tech Mahindra, sell SBI

According to the analyst from Anand Rathi, SBI has not seen any meaningful correction, and the stock now hovers near the multiple tops zone.

Buy, Sell, markets, stocks, shares, investments, mutual funds, investors
Web Exclusive Premium

Mehul Kothari Mumbai
BUY
Tech Mahindra
Buy Near: Rs 1,030
Target: Rs 1,100
Stop Loss: Rs 990

After a corrective move followed by some consolidation the stock Tech Mahindra is preparing for some fresh upside.

On the daily chart it has confirmed a higher bottom formation and that indicates a reversal. At this point in time the stock is on the verge of fresh breakout above Rs 1,045.

Thus, we advise traders to buy the stock near Rs 1,030 for an upside target of Rs 1,100 in the coming sessions.

SELL
SBI
Sell Below: Rs 530
Target: Rs 510
Stop Loss: Rs 540

Recently the stock SBI has rallied over 10 per cent from the lows

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 29 2022 | 7:33 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com