Mahindra Satyam is showing good signs of growth and its revival looks very positive in medium term making this stock fundamentally an attractive buy and available at the attractive valuation. Keep this stock under your radar list and accumulate on strong support level with a target price of three digit figures of Rs.100 per share.
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Technical details of Mahindra Satyam:
ReplyDeleteFace Value : 2
52 Weeks High Low: 113.85-54.20
Average 50 days: 77.09
Average 30 days: 70.49
Support 1 : 69.13
Support 2 : 67.52
Support 3 : 66.43
Resistance 1 : 71.83
Resistance 2 : 72.92
Resistance 3 : 74.53
The rupee plunged to a two-year low making export driven software companies attractive buy in the falling market Satyam computer which is showing sign of revival shall drive immense benefits of falling rupee making this stock a great buy at mouth watering valuation of Rs.69. Keep this stock under your watch list and accumulate in small lots on decline at its support levels.
ReplyDeleteIntraday support & resistance of Satyam for today trade:
ReplyDeleteS 2 S 1 Pivot R 1 R 2
65.30 66.60 68.80 70.10 72.30
Mahindra Satyam looking bullish on technical charts. Watch out.
ReplyDeleteTechnically Mahindra Satyam is looking great on chart and its first target is Rs.76 and thereafter Rs.80. One can look into this stock with strict stop loss of Rs.69..
ReplyDeleteThere is an old saying stick to you gun which hold good for this stock. Stick to Satyam and go for the kill when time comes.
ReplyDeleteThe reason why stock price is low is merger with Tech Mahindra otherwise it would have been three digit figures by now..
ReplyDeleteFor real winners there are no finish lines. Mahindra Satyam in a real term is a value stock and shall be a winning stock
ReplyDelete