A Clear downside it doesn't have potential of upside so it show in the downside due to very high PE and mutual funds slow dump the stock to individual to make a profit. there is recession going on UK so this stock kind of week and it will touch 1100 to 1000 will be on mid-april or may month possibility to touch.
📊 DETAILS Sector: IT Services & Consulting Mkt Cap: 129,441 cr Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. TTM PE : 35.97 (High PE) ...
Stock was under long term Consolidation at low levels which means under Accumulation, #TechM #Brokeout the range, retest done and now it will resume its trend. Pure #TechnicalAnalysis #DowTheory #WyckoffTheory
#TECHM #Trending #Stocks #trading Tech Mahindra - Weekly uptrend line got broken out - Expect stock will reach 1062 levels and if that also will break it will go to its yearly support below 1000. Wait for the good price action for Long Investment.
IT is retesting its 50 EMA area wil it sustain is the question Majority of counters like TECHM, PERSISTENT, HCLTECH, NAUKRI etc witnessed a downmove in the week gine by with result on the way, woul be fun to watch what IT has in store
The area around 1155 (yellow horizontal line) is an important resistance on daily timeframe It was broken on 5 july with higher than average volume The next immediate resistance was 1199 (pink horizontal line) , which is now broken again with a good higher than average volume On a 2 hrly time frame , inverted H&S pattern has also been formed (neckline is blue line...
Breakout In TECHM. Target Open till 1260. After consolidating from last around 10 month, now TECHM is expecting to go up. CMP = 1178-1180 SL = 1162 Target 1220 , 1260. Holding time 2-4 Weeks. DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING.
Breakout on daily timeframe via trend line. TECHM ready for a mid term swing buy trade. Please refer the chart for the respective SL and Targets. Plan trade as per proper Risk Reward ratio. Note: This information is for entertainment purpose only and please do your own research and consult your financial advisor prior to taking any action. If you like this...
Expecting TechM will break the resistance and will make new High. I am buying TechM at current level and hoping a target of 1270-1280 with a small stoploss at 1088.
we can see a wave 1 - 500 to 1800 , in this wave we can see a good retracement of .618 and price is also taking support on a major trendline. AB=CD can be form a good consolidation or a pennant pattern also can be seen . if we sit in this trade on the sl of 900 we can definately seen a return of 100% in this script
We will trade the range of Tech Mahindra. Expecting a target of 1150-1160 with a stop loss of 1040-1030.
TECHM long indication on charts Gave a good support and currently near the support levels. If gives good upmove with volume then we can see 1220 + levels in near term. No recommendations, just my view based on charts.
TECHM is nearing a very important long term support level, if it holds we can see a massive rally. Otherwise expect the range to get narrower until a breakup or breakdown happens.
#TECHM downtrend movement potential with risk-to-reward ratio 3.8 Symbol :TECHM Time frame :4 hours Analysis:Moving average 6 is below MA 20 && MA 20 is below MA 40.Break out from a symmetrical triangle on a down trend side. SO,we can expect a target up to 900 . Sell call details : SELL below 1000 with stop loss 1037 and We can expect first Target to be 940...
Hi guys, In this chart i Drew My Best Levels in TECHM for Long position using 30M Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell...
TECHM now Trading above 21 & 55 emas, successfully crossed 200 ema and retested now in dcb chart. As per drawn Fibonacci Extension, short term Target would be 1195-1205 and mid term target would be 1340-1370. Those mentioned zones are vital resistance zones also. Disclaimer - this chart analysis is only for educational purpose. Do proper study before taking...
Chart prediction is on Monthly charts and long term view if it follows this pattern Similar to Wipro even Tech Mahindra is probably making diamond chart pattern. The Fibonacci retracement support is taken at 78 percentile and consolidating since couple of months. The Long term target in 1 to 1.5 years is 2000+ Go long once the stock closes above 1165 on...