Tech Mahindra - Gap Analysis

Apr 1, 2023

The price analysed in daily and monthly time frame.

Gap Analysis - the news based gap created in stock and price reversed to fill the gap. As mentioned in chart, now gap level acting as support and price closed above 200 ema.

Monthly Chart - the fib level acting as support & resistance and volume strength visible in chart.



Thanks
-AJ

Disclaimer - The chart analysed for educational purpose only.

Apr 3, 2023

Note

runaway gap filled.

Apr 12, 2023

Note

Apr 17, 2023

Note

domino effect 🙃

Apr 21, 2023

Note

opportunity to accumulate as stock at support level with stop loss of 7%

Apr 28, 2023

Note

bullish candle from support level at Rs 980.

May 19, 2023

Note

gap filled.

May 31, 2023

Note

Retest and Tweezer Candle.

Jun 30, 2023

Note

Jul 14, 2023

Note

breakout in Tech M, safe entry at retest confirmation.

If someone did the bottom fishing, definitely enjoying the return of 20% on positional basis.