Buy Mahindra Satyam with a target of 95: Ashwani Gujral
"It needs to get past 95 to retest levels of 110-115, so let see if it can do that."
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks to ET Now on Mahindra Satyam.
What's on the charts for Mahindra Satyam?
There is some kind of a tailwind and most of these midcap IT stocks but Satyam has not been able to come out of this range that it has been doing for long time between about 60 and 95. It needs to get past 95 to retest levels of 110-115, so let see if it can do that. I think Hexaware is showing much better formations in Satyam.
What's on the charts for Mahindra Satyam?
There is some kind of a tailwind and most of these midcap IT stocks but Satyam has not been able to come out of this range that it has been doing for long time between about 60 and 95. It needs to get past 95 to retest levels of 110-115, so let see if it can do that. I think Hexaware is showing much better formations in Satyam.
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