How will Tech Mahindra move(Technical Analysis Mumbai India trading)?

News: Tech Mahindra to acquire software services unit of German chemicals giant BASF

Result: Tech Mahindra jumped over 2 percent intraday on Friday 28^th Feb 2014. Investors are curious about the stock as the software company is expanding its position in Europe by acquiring software services unit of German chemicals giant BASF.

Now what technical chart says?

1] Strong trendline from the 2 months period from December 2013 to February 2014.

2] Stochastic crossing each other - %K crossing %D which signifies higher possibility of stock moving up.

3] Positive RSI: Here in the following image you can see that RSI is moving upward direction.

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