Short techm between 1095-1102 With SL above 1111 For the Target 1035 R:R =1:5 Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
STUDY PURPOSE : SELL BELOW 1044 STOPLOSS 1060 AND THE TRAGET 1 >> 1022 TARGET 2 >> 998
TechM seems to be ripe for break out once it goes above 1085 and closes daily basis
TECHM (W):- 1089.5 CMP, LOOKS GOOD FOR MORE UPSIDES :) 1) Rectangle Breakout Soon :) 2) Volume Contraction
TechM Mahindra looks bullish on chart with immediate target of 1080 with conservative SL of 1027 . It's already buy on ichimoku cloud for some time now, its trending upwards in MACD and now has given good breakout over trend line.
#ENDURANCE LONG TERM INVESTMENT NSE: ENDURANCE CMP 1577.90 Target 2085 SL 1447 Profit 32% Can Hold For Long Term Factors: ROUNDING BOTTOM PATTERN 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...
After a considerable correction as a running flat , TechM is ready to break the recent high to trade above the all time highs in the uncharted territory. The correction was assumed as a fourth wave correction & the current rise can be considered as the fifth wave. Trading strategy: Buy techm with sl of 1020 for tgt of 1140-50.
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TechM - multi year breakout. Hold for long term.
Breakout from this consolidation might lead to bullish sentiment
Tech mahindra has broken out of this channel pattern. Looks bullish in all major time frames too. Long view above 1065.