Buy TECHM between 820-815 T1: 840 T2: 884 T3: 907 T4: 935 SL: 808
Evening star pattern at the top. And Looks Like forming a handle (Cup & Handle Formation) If it goes below, 813 short with the SL of 820 for the target of 808, 803, 798 / 799. Thanks
Bullish view on weekly chart with cup with handle. if it breaks Daily Resistance it will cross over 1k.
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#SELL TECHM (TECH MAHINDRA) BELOW 686
positional short opportunity on rise upto 1900 zones !
Buy TECHM above 711 (for aggressive traders only) T1: 720 T2: 729 T3: 740 SL: 697
It has been observed on NIFTY IT CNXIT weekly chart that a rising trend line has been acting as good support and resistance on several occasions. PS: Request you to use this trend line setup as a supplement to your analysis before taking any position. Thanks, tRex Jurassic Park
TECHM Waiting for Flag BO. If BO done 100 points move expected Tar1:775 Support:725,722
There is clear distribution seen in Tech Mahindra daily charts with clean divergence on RSI, As we can see on chart there is very good support around 720 levels which was earlier a strong resistance, also volume has spiked up recently during last couple of down days. TechM has been very resilient recently and despite the steep fall in Nifty we haven't seen much...
BUy TCS at 2205 Stoploss 2186 Target 2274
Buy TechM between 760-756 t1: 795 t2: 840 t3: 905 t4: 985 SL: 596
Stock has been following the range bound uptrend which seems to be stalling at 745 750 levels. Given the sharp recovery in rupee IT stocks may see selling pressure at higher levels. Sell below 737 Stoploss 747 target 721
Applied Fibonacci levels to IT index. Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong. Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied...