TECHM

Einstein15

TECHM is moving in an up channel for a couple of months now. Currently on the edge. awaiting a breakut or reversal.

k314 Updated 

Based on Bollinger bands strategy we can go short at CMP (627) T1: 613 T2: 600 T3: 590 SL: 638

Vijayaraghavan Updated 

All indicators are positive . It may reach the target range of 630-645 zone in medium term. Vijayaraghavan, Kovilpatti.

Einstein15

TECHM has been moving in a down channel for over an year. Currently on the edge , awaiting a reversal or breakout.Made a shooting star last week. Its weekly, will take million years.

pratik2358 Updated 

in short term the stock looks weak and can see more downside

praveen.bhatiya

The stock has formed Rising Wedge and showing continuous divergence. One can short the stock with small SL of high of today for a target of 440 which offers a decent Risk to Reward ratio. Wishing all the mates Happy and prosperous Diwali..

k314 Updated 

Short TECHM below 460 T1: 445 T2: 440 T3: 435 SL: 467

raghu.972 Updated 

Buy TECHM abvove 382 for 387 and 393. Maintain stoploss of 378.

rkskitchen6

short Tech mahindra with target of 368.3

InsiderB Updated 

I was about to post this by Monday itself, but went on with other stocks, anyway now you have it in TechM. May be if you are conservative enter on Pullback & Enjoy the game !

raghu.972 Updated 

As per the weekly charts, TECHM is strong and bounced off from support level. Buy for the targets of 500 and 550. Accumulate more if it goes below 400.

maneeshaggarwal

for educational purpose only - techm is very near to buying area. 430-435 sl 425 tgt will be 470

Gamedas Updated 

Forming a Cypher pattern in Techm -2.79% . Long positions can be taken @428 level if it sustains in that range for a immediate target of - T1 (460) , T2 (471) , T3 (482) . SL 405 RSI Indicates that it is going to enter the oversold zone. May bounce back sooner. Immediate support @ 445 - 447. If it breaks this level long positions can be initiated

k314

Here is a TECHM trading setup on hourly chart. Please use this as a reference when you trade.

techtrail

This stock has been consolidating in a right range and the IT stocks have been relative out-performers off-late. A breakout above the cloud would be a positive development and could help the stock seek next resistance at 570-580 range. This one is in my watchlist.

InsiderB Updated 

The concept lying behind this post is how to trade with Elliot waves and use it to our advantage, with simple known techniques. Many will have doubts on how Elliot Wave count is done.It's as simple as 1-2-3, I will explain step by step. This is gonna be Learn n Practice post, so with each step mentioned, you draw & analyze along with Me, So that you can learn more...

InsiderB Updated 

Hi Guys, We have simple bearish trend continuation setup and TECHM is facing some good resistance around 500 levels, as per my trade plan its good to go short from here with targets around 480's. Hit Like button to keep me motivated to post more ideas...Thanks for your support ! Happy Trading !!