TECH MAHINDRA LTDShort
TECHM BREAKDOWN
Updated
TECHM gave a breakdown from a rising wedge pattern which is a bearish pattern.
Most of the time first it gives a fakeout and then a breakdown same happened here today in tehm
RSI going weak
MACD going bearish.
You can make your short positions on a retracement or pullback
Most of the time first it gives a fakeout and then a breakdown same happened here today in tehm
RSI going weak
MACD going bearish.
You can make your short positions on a retracement or pullback
Note
Target 1 hitTrade closed: target reached
Target 2 hit, sitting on 5% gains.Godpeed
Trade closed: target reached
All targets hit. Made a low of 1470. Max gains are 12%+
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