95% TRADER TRADE WHAT YOU SEE ON THE LEFT SIDE. THE PERSON READING THIS , YES YOU ! You have also traded like the 95% retailers havent you and at some point you realise that it isnt working for you!
Smart money lies with the 5% , but you never realise that !
Techmahindra is break a Flag pattern and move up day by day it's time take Swing trade I was mentioned buy level and target also
..... I was posted this analysis for thos who stucked this fucked Market ...
Please hit like if you like my analysis so I was posted this type of analysis in future and some motivation for me
The price movement is currently in the bullish form.
At present there is a price rotation in the stock.
The stock movement is very slow.
The stock still can move down till 86.29
Overall the stock is in the bullish form.
As per current price action, it is trying to break the pattern and then it may touch 13K range and from where it is expected to have a pullback.
If it breaks pattern downside then there will be selling on the short term and have another support at 12800.
Note: This is for educational purpose only.
21 EMA has acted as a dynamic support in the past. There seems to be a pullback to 21 EMA and formation of hammer. Moreover, there is increase in volume. RSI is at 58 which is nearing bullish zone.