TECHM
#ABAN FLAG RETEST #BREAKOUT #STOCKMARKET #R:R>3 #IT #TECH #NIFTY#ABAN
NSE:ABAN
CMP: 31.30
Target: 50++
Stop Loss: 26
Time Frame: less than 2 months.
Might hold above 50.
Factors:
Rising Volume with rising Prices.
Channel Median breakout.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above resistance.
Trading at support.
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge Formed.
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With 💚 from Rachit Sethia
TECHM High Volumes Poor ResultTECHM High Volumes Poor Result
Moving in Symmetrical Triangle
RSI (14) taking Support at 40
TECHM can give 20% returns I will buy TECHM because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 941
Target : 1012/1078
Stop loss : 905
TECHMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading.
TechM: formation of triangle patterAlong with IT Index TechM created triangle petter.....IT Index already given breakout so TechM should also. Keep watch
TECHM forms Bearish Divergence and price exptected to down Price is expected to reach 830 to 840 Level, because,
1. it formed negative divergence
2. its in channel top
** **Note: This View is Only for Educational Purpose and Not for BUY or SELL recommendatation. **
TechM short ideaLevels are given clearly on the chart
Disclaimer: This is not a investment/trade recommendation
Tech Mahindra - Trendline Break-outStock has broken Trendline and is sitting at resistance zone. If stock sustains above 972 tomorrow it can touch 992 tomorrow itself
BuyBuy at cmp and in dip till 1000 sl 986.90 target 1080. Price has pierced multiple resistance zone of 1000-1010 with volume.
Disc : it's not an investment advice to buy or sell
BuyBuy TECHM at CMP 988 with sl below 970 for target 1040 & 1080.
Disc : it's not an investment advice to buy or sell
infy daily frame short sell short term trading idea STOCK now after good upmove
dual top
below 20 dma
a short on bounce with 1347
short area 1318 to 1330
target area 1252//1247//1230///1190
