TECHM Weekly chart - The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas...
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
NSE:TECHM Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
📊 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...
IT sector Analysis. How to find stronger stocks with momentum in strong sector.
if break trend line it can entry @ 1085 First target, 1195 Stop loss 1060 RRR 1:4.5 c mp - 1063 - It is near and upper then 1 Month and 3 Month and 5 days point of control
This beautiful upside trend has some pullback left before it can resume on its upside trajectory. SO this setup is for long term investors only.
Happy Janmashthami ! TechM, Parallel Channel! (W) Without the drawing-->
Techm - again giving insider bar breakout after 8 weeks of consolidation in mother bar, expect some very good momentum in it in coming days
Techm looking good in chart If cross 1100 and sustain up move possible
Current trend Analysis with trendlines for Daily Weekly Monthly charts
---------- 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...
I daily make educational videos on Financial Markets The above video contains some Financial Terms and Price action study only
📈 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...
Bottom confirmation BO12 Increasing score Crossing 1295 towards 1390 SL 1263 (structure inavalidation on LTF)
As we see TECHM is taking resistence from the 200ema . we can long after it breaks 200ema .
IT stocks are trading in nearby 200dma using benifits with swing and daytraders, check it all it stocks.
Only for educational purpose , please follow levels.