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TECHM

Tech Mahindra LTD - Trendline + Descending Triangle Breakout 📊 Script: TECHM (TECH MAHINDRA LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Daily timeframe Trendline + Descending Triangle Breakout. Weekly timeframe Trendline + Descending Triangle Breakout. Key highlights: 💡⚡ 📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20. 📈 MACD is going to give crossover. 📈 Double Moving Averages crossover yet to come. 📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe. 📈 Current RSI is around 56. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1090 🟢 Target 🎯🏆 - 1185 ⚠️ Stoploss ☠️🚫 - 1061 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:TECHMLong
by radha_23
NSE TECHM: Multiple Timeframe Analysis ---------- Timeframe: Monthly---------- After making an all-time high(ATH) in 1838 , prices have started collapsing to correct the previous move. The fair value area has given two resistance on the upper band, and four supports on the lower band of the channel. Excess is showing that sellers are very aggressive with their inconvenience levels. Key Level clusters: 1) 995: -  Fibonacci level of 61.8% - A lower band of the parallel channel - Monthly support level 2) 764: - Fibonacci level of 78.6% - Monthly support level at 747 These are Strong reversal zones for tech Mahindra. If the price takes support at this level, we can see an impulsive move in upward direction. Breakout of the channel will lead to 2nd key-level and more bearish. ---------- Timeframe: Weekly---------- The weekly timeframe gives information about the bearish atmosphere. Price has formed head & shoulders on the weekly timeframe. Supply pressure has broken down the neckline with a retest at 1302 . H & S target measurement says that price can fall up to 955 . (Base scale: distance from head to neckline) ---------- Timeframe: Daily---------- After creating a high of 1838, the price has to fall for the corrective phase. Price has completed the corrective wave (B) and started occurring wave (C) of the correction phase. We are clueless about trend reversal because the price is out of the parallel channel. If the price sustains below the lower band of the parallel channel. Traders can trade for the following targets: 1064 - 1006 - 995 . Please note that 955 is our monthly support level, so we can also initiate the buy position when the price sustains above it. The entrance of price into the parallel channel may lead short-term bullish perspective.  I am not admire falling knives. If the price enters the parallel channel, traders can buy for the following targets: 1180 - 1234 - 1299 . Trend change is unacceptable until the breakout of high of wave 4 of lower degree. I will upload further information soon.
NSE:TECHM
by forextidings
2
Tech Mahindra Chart Analysis !!📈 Tech Mahindra 📉 My Findings :- 1. Breakdown of Strong Support Zone. 2. Lower High and Lower Low Formation. 3. Close Below Seven Months Low. 4. IT Index also week. Check Chart below. Bias- Short Target- 1175 and 1046 SL- 1429 RR- 1: 2 IT Index Chart :- All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:TECHMShort
by ShelendrAgrawal
Live Challenging Stock Market Analysis Buy TECHM @ 1074.25 Buy 2 @ 1036.15 Target @ 1615.20 #stockmarket #techm #sharemarket Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Trading with tamil
NSE:TECHM
by Tradingwithtamil
2
Bullish view on TECHM (Tech Mahindra)TECHM's daily chart suggests that it has taken support at the same level as it has in the previous few days. Moreover, it has broken out of an upward channel and is testing it today with a gap down. Moreover, a look at the 14 day RSI suggests a bullish divergence taking place in the charts. If the price holds the upward channel and bounces off it, the price could go towards the next resistance zone at 1540 and further move to the 1680 levels.
NSE:TECHMLong
by keshav_123
Simple Trade Setup | TECH MAHINDRA | 07-03-2022 [INTRADAY]NSE:TECHM Trade Setup for 07-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:TECHM
by Trading_hawk
📊 #TechMahindra Swing Trade Opportunity 🎯NSE:TECHM 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). This Chart is just example that how Harmonic Works. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:TECHMLong
by linesandlevels