TECHM
TECHM monthly chartTECHM monthly chart.
After completing 5 wave count on chart, seems it is in last leg of wave c of ABC correction.
450 is major support zone on monthly base. let's see where it gets support & unfold new bull wave count.
Views are personal & for educational purpose only.
TECHM - Bullish above 841Can consider TechM bullish above 841 based on chart analysis and previous reversal trend
Keep on radar.
TECHM LONG SIDE VIEWMOVING IN A RISING WEDGE LIKE PATTERN. TAKEN HUGE SUPPORT AT TRENDLINE AS WELL AS ICHIMOKU CLOUD TOP. EXPECTED UPPERSIDE
LONG ABOVE 812, SL 804
TARGET 822/827/833/845
(AFTER ENTERING WAIT FOR 814/815 TO CROSS CONVINCINGLY)
TECHM CMP 787.30TECHM CMP 787.30
TARGETS 811 , 825 , 835
DAY CLOSE STOPLOSS 782
APPROX. DURATION 15 DAYS
hcl tech trade setup hcltech loosing momentum on multi time frames and is a short on rise candidate with 1140 stop loss
Tech Mahindra Pure Price ActionThe price is at a very crucial zone in the Weekly. A mountain pattern is forming in the Weekly. You can call it Head and Shoulders. Facing stiff resistance from the Weekly area.
In the Daily, the long term TL has been broken comfortably on 2nd Dec. The recent trend was already down. Price is seen moving in this parallel channel. Today, we are seeing a rejection of channel upper line, LT Trend Line and monthly zone.
The short term trend line has been broken in the 75 min and price has made Lower High and Lower Low.
In the 15 min, the EMA crossover can be seen, and price breaks below EMAs and Pivot trigerring a short.
TECH MAHINDRA - SellTECHM is a postional sell at 767 with a daily closing stoploss above 785 Target is 707 688
Tech Mahindra ViewCurrent levels may act as a resistance... if broken & sustained above, more upside possible or else downtrend may resume
Tech Mahindra Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 8 times.
TECHMAHINDRA BUY| HARAMI CANDELSTICK | 24-27 SEP, 2019 TECHMAHINDRA BUY| HARAMI CANDELSTICK | 24-27 SEP, 2019
