TECHM
TECHM : Bearish flag spotted on weekly chart TechM: Bearish flag spotted on weekly chart.
Double top formation followed by bearish flag.
May be we can find it trading btn 550-650 in comming sessions.
TECHM CHART CURRENTLY.18/09/2019 ALSO COMMENT IF I AM WRONG PLEASE...
view only for educational purpose...
TECHM:- short term Resistance around 734-735 & Short term support around 675-670...
Intraday Range 720-722 upside & downside 700-704..
TECHM ELLIOTT WAVE ANALYSISTechm Elliott wave first cycle finished, The stock price will move for the Second cycle of Elliott wave, the fib price projection for the second cycle is below 350
TECHM LOOKING WEEK IT IS LOOKING WEEK AS MAKING HIGHER HIGH BUT MACD IS FLAT.
TODAY BEARISH MARUBOZU WAS FORMED WITH DECENT VOLUME
HIGHEST OI AT 720 CE AND MAX VOLUME TRADED
IF 693 LEVEL IS BROKEN THEN IT MAY FALL
TECHM CAN BE BEARISH SOON Other than the points mentioned on my instagram IGTV @kotfotrading , from a longer time frame the current price is near to Fibonacci 38.2 level.
Buyers are dying out and I think this could be the last rally before TECHM starts falling (for short term). Also the 700 price zone is a Value area and Point of control on Volume Profile. Market is closed on Monday so lets see how TECHM opens on Tuesday.
I could be wrong. Do your own research before taking any trade
H&S in TECHM for Target 645It seems that TECHM may follow Head and Shoulder pattern to touch 645 level. There seems to be good support from where it has bounced back. Let's see whether 645 holds or goes even lower.
Interestingly TCS also has a similar pattern.
TechM - 10% returns tradeCmp: 708
Buying Zone: 700-710
Targets: 740-760-780
Potential Returns: 10%
NSE:TECHM
techm may go downtechm was bearish for the past 10 to 15 days.its breaking all the previous support and still it has the chance to go down
Tech Mahindra | Weakness persistsTech Mahindra appears weak in chart. Earlier there was a Double Top pattern and currently we could see a valid Bear Flag pulling price downwards. Now that the stock is hovering around double top target levels of 700, which also being a round number the stock might pick it as a support and perform some recovery.
However, the recovery to be considered as a trend reversal, a strong break above 720 will be necessary. Or if the weakness continues and price falls below 690/700 the chances of Bear Flag target being achieved will go up significantly higher.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TECHM moving towards the channel bottom support AND 200 day SMATECHM moving towards the channel bottom support AND 200 day SMA
TECH Mahindra Swing BUY TechM FNO BUY TECHM Long Opportunity____FOR EDUCATIONAL PURPOSES ____ NOT A TRADING ADVICE____
TechM Looking for a sharp up move from here, is now consolidating at a demand zone.
SHORT TERM || LONG || TECH MAHINDRABuy TechM on dips with SL of 718 and targets of 750/768. Confirmation received on the RSI.
TECHM swing trade (cash mkt) buy setup (Tiny risk Huge reward)Buy TECHM between 820-815
T1: 840
T2: 884
T3: 907
T4: 935
SL: 808
