Tech Mahindra - Buying in the Demand Zone (Support Area)
Updated
Stock has been in a range for a while. Idea is to build a position in the demand zone and sell at the resistance area.
Stock and sector have face pessimism hence it is a contra call trade. Follow SL with Discipline and Exit as soon as it hits.
Disclaimer - Please take positions as per your risk appetite and I am not responsible for any profit or loss.
Stock and sector have face pessimism hence it is a contra call trade. Follow SL with Discipline and Exit as soon as it hits.
Disclaimer - Please take positions as per your risk appetite and I am not responsible for any profit or loss.
Note
People building positions can look for Gap fill target at 1070 1090 levels.2nd TGT can be near 1105-1115
Last TGT will be near the supply zone.
Note
Results are out. If we see a large gap down build position and keep a strict SL. This is a contra call trade hence be very disciplined with SL.
Not a trade for the light hearted.
Trade active
Tech M is in its Demand zone Start Accumulating with SL of 915 and TGT already given. Ideal buy price was 972 but we can not always get ideal buy price.Trade active
A good Move seen on the stock post negative results. The buyers have stepped in right from our demand zone. Lets see if the buyers are able to push prices higher.Trade active
Stock has almost touched our Gap fill TGT of 1070 to begin with.Trade active
Trade is still in our favor. Update SL to below 975 Levels to save and protect capital.Trade closed: target reached
We hit the targets given on this stock. Pure demand and supply mechanism.
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