Tech M - Bearish1650 - 1670 strong resistance area
Stock getting pushed once again from same levels
Can fall on every rise
Expecting 1610-1600 levels to be touched again
TECHM
TECHM - Ichimoku Breakout📈 Stock Name - Tech Mahindra Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1643.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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TECHM - CUP AND HANDLE PATTERN DAILY CHART The stock has formed CUP & HANDLE pattern
on the DAILY chart.
One can enter above 1589 with a strict
Stoploss of 1531
Target 1 - 1629
Target 2 - 1670
Target 3 - 1700
Target 4 - 2150
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#FUNDAMENTALLY STRONG STOCK
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A Clear DownsideA 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.
TECHM | Swing Trade📊 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)
Sector PE : 36.64
Beta : 1.08
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
5.33% away from 52 week high
Outperformer - Tech Mahindra up by 1.58% v/s NIFTY 50 up by 0.77% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Short Term Buy TECHMStock 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
TECH MAHINDRA - WAIT FOR THE BEST BUY#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.
NIFTY IT Retesting its 50 EMA levels 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
TechM BreakoutThe 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 on the chart)
The next immediate resistance are marked as white horizontal lines
SL keep below shoulder 1160
Conservative Tgt around 1266
can increase trgt towards next resistance of 1284 and further based on candle and momentum
The rise in ATR on breakout also provides confirmation
Breakout In TECHMBreakout 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.
TECHM Swing Buy TradeBreakout 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.
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TechM - CashExpecting 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.
TECHM 2200 ?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
TECHM - CASHWe will trade the range of Tech Mahindra.
Expecting a target of 1150-1160 with a stop loss of 1040-1030.
TECHM long indication on chartsTECHM 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 nearing long term support levels!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:reward ratio 3.8#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 and second target is 900.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
TECHMHi 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 Recommendation.. Thank Q
Predictive analysis of TECHM in dcb.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 trade/invest or consult with your financial advisor.
Tech Mahindra - Target 2000+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 monthly basis.
Stop Loss is 940 on monthly closing basis.
TECHM - IT Sector - Reversal potential - Swing/InvestmentTECHM Weekly chart -
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Breakdown in Tech Mahindra Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
