Buy Techpro for a target of 370: Somil Mehta
It has just broken above a negative clause and that confirms a higher top, higher bottom.
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| Updated: ET Now spoke to Somil Mehta, Sr. Technical Analyst, Sharekhan, about Techpro.
What is the call on Techpro?
It has just broken above a negative clause and that confirms a higher top, higher bottom. The momentum indicators are still in buy. Volumes are great. So it should continue the trend but the history does not allow me to comment on medium term or long term but overall right now it looks a positive and it has firmed a H&S pattern which is a bullish pattern so it should continue with a target of 360-370.
What is the call on Techpro?
It has just broken above a negative clause and that confirms a higher top, higher bottom. The momentum indicators are still in buy. Volumes are great. So it should continue the trend but the history does not allow me to comment on medium term or long term but overall right now it looks a positive and it has firmed a H&S pattern which is a bullish pattern so it should continue with a target of 360-370.
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