Solid Breakout in Tech Mahindra after a long Accumulation Phase

Jul 16, 2023

Hello Traders and Investors, i hope you all will be doing good.
I have brought an analysis on Tech Mahindra, i hope it will be beneficial to you guy's,
So let's start:-
As we have seen a Neat and Clean solid Breakout of Tech Mahindra stock after a long Accumulation Phase.

Do you guy's know What is an Accumulation Phase?
Okay i will write what i know about it.

Notable Characteristics of Accumulation Phase:-

• It shows that strength is building into security.
  

• The security starts trading in a well defined range, moving between the upper and the lower band of the consolidation.
  

• Market participants start becoming bullish on security in the accumulation phase.
  

• The Price starts moving in a range indicating that the price of the security is bottoming out.
  

• This phase indicates that a fight is happening between buyers and sellers and eventually, buyers take over sellers towards the end of this phase.

So guy's i think this (Accumulation Phase) is clear now. So, Guy's same thing we have seen in Tech Mahindra stock also, earlier trend was Downtrend then Accumulation Phase, now as we have seen a breakout in it. So we can assume that now the trend will shift in uptrend.

I have marked everything on chart like, Entry point, Targets and Stop loss. Please check chart for the levels.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.

Jul 19, 2023

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Jul 26, 2023

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made low 1145, stop loss still alive,,,trade is active.