Tech Mahindra | Reversal Trade | bearish Parallel Channel 🎯

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⭕Day Trading opportunity ! 15 min Chart Alert !!! ⭕

Don't rush to buy cause range breakout is still pending ....if breakout happen then only place the order

--Buy above =910.35 or CMP
--Target = 917.35 | 920
--Stop-loss =907
--Lot Size = 1200
--R:R = 3.18
--Expected Profit = 12,000 ₹ per lot ( 1.15% )
--Expected Holding = 1-5 day only
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⭕Technical Reasons to trade OR Strategy applied :- ⭕

1) TechM has formed bearish parallel channel
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Range breakout Trading is happening here
4) All the possible support & resistance is mentioned on the chart

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Trade active: breakout happened looking for buy

Trade closed: target reached