NSE:TECHM Looks amazing sell on 733.50
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
Immediate Sell 712.50 NSE:TECHM Looks Great
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...
TECHM (Tech Mahindra Ltd) BUY ABOVE 684
It 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.
Cmp: 708 Buying Zone: 700-710 Targets: 740-760-780 Potential Returns: 10% NSE:TECHM
TECHM (Tech Mahindra Ltd) BUY ABOVE 660
techm 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 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...
TECHM moving towards the channel bottom support AND 200 day SMA
Trade Nivesh Trade Plans Sell Below 733.05 with the stop loss of 742.9
____FOR EDUCATIONAL PURPOSES ____ NOT A TRADING ADVICE____ TechM Looking for a sharp up move from here, is now consolidating at a demand zone.
Buy TechM on dips with SL of 718 and targets of 750/768. Confirmation received on the RSI.