TECHM 1D share Analysis for Swing TradeTECHM on daily timeframe analysis for swing trade opportunity.
With proper stop loss and target momentum can be benefited.
NOTE
We are not SEBI registered
Analysis is shared here is only for educational purpose.
Please consult your financial advisor before any trade.
We are not responsible for your loss.
TECHM
TECHM - Clear Breakout 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
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NSE:EXPLEOSOL
Risky but could be a great trade
RR Ratio > 4
CMP: 1127
Target 1750 almost 50%
SL: 975
Time < 6Months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Simple Trade Setup | TECH MAHINDRA | 19-10-2021 [ INTRADAY]NSE:TECHM
Observations:
1) On 1 day time frame, it took good support from 50DMA and also broke 21DMA and closed above resistance range 1465-1475.
Now this range should work as support to maintain its bullish momentum.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see double bottom pattern.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
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.
TECHM Long......Up trending stock
Currently under consolidation with drying volume
Above 1480
SL below 1398
Target -- 1545-1640
Fundamental
Market Cap-- ₹ 140,708 Cr
ROCE-- 23.0 %
ROE-- 19.0 %
Stock P/E-- 29.3
Public holding only 11.44%
Please maintain SL stickily
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)
TECHM side ways to uptrend Target 2-3 % profit
entry around 1368
This a BTST and Swing trade Max period of 2 trading days dont hold for long
when you get profit exit this make like Higher lower position
when after some days it will break the higher lower then time to entry for 5-10 % return but for now 2-3 % will be idle
Dont keep taget more than 1395-97 as 1400 will act as round level and also resistence forming higher low postion from 1400 so be carefull
IF you got capital then short 1360 PE for Very Good profit