TECHM
TECHM : Fresh Algo by signalBuy for new highs target zone of 960-65 . keeping SL of 912. As per the algo : after a Cross sign , we have got a green arrow in the downside pointing upward which tells us to create a buy position.
TECHM CHANNEL BREAKOUT 30MTECHM has given a channel breakout today in 30M timeframe. After the breakout a retest in also visible. The stock is now moving upwards and one can initiate a long position for a target of 948 which is a resistance point for TECHM. SL will be the nearest swing low i.e. 920. Risk management is the key and no trade setup is 100% working. The SL comes in place when a setup fails. Happy Trading!
Tech Mahindra | Reversal Trade | bearish Parallel Channel 🎯=====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
Don't rush to buy cause range breakout is still pending ....if breakout happen then only place the order
--Buy above =910.35 or CMP
--Target = 917.35 | 920
--Stop-loss =907
--Lot Size = 1200
--R:R = 3.18
--Expected Profit = 12,000 ₹ per lot ( 1.15% )
--Expected Holding = 1-5 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) TechM has formed bearish parallel channel
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Range breakout Trading is happening here
4) All the possible support & resistance is mentioned on the chart
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✍COMMENT Below your view !
TECHM 30M CHANNELTECHM is trading in a channel in 30min timeframe. It is at the bottom of the channel and there can be chance for it to go upwards to test the top of the channel. We can go long from here with a SL at the previous swing low & aim for the top of channel. It can be a quick positional trade.
TECHM Long..(New 52 week high)Above 890(new 52 week high)
Support at 799-729
weak below 729(which is recent HL)
Above all important moving average
Left steamSome steam is still left in TechM for 920-940. This is the zone where profit can be booked if someone is in buy.
Disc : It's not an advise to buy or sell
TECHM Long idea for Intraday (Monday) TECHM gave Trendline BO (Red color) if this going to Break resistance that 857.50 then will be good upside move towards (768-770)
Tech Mahindra Bullish MoveTech Mahindra Bullish Move
Breaking trendline, we may see the level of Resistance around 857-880
On Downside Support around 830-810 in short term.
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Updated on : 06-NOV-2020 7.25pm
Disclaimer: Only for learning purposes.
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Tech Mahindra is Going to FALLLLLLLLLLLLLLLLLLLLLLLLBased on the Price action analysis we can clearly see that it is in clear down trend and created a LOWER HIGH
We can short it with very small stoploss
If it breaks upper trendline Setup gets invalidated then just ignore
TECHM short idea for intraday TECHM gave channel breakdown and also pattern looks like double top
Price is near neckline breakdown
Weak below 798 level
Tech Mahindra - Shows sign of reversalNSE:TECHM Chart is showing bearish signals, indicates pullback.
TECHM long term buy signal if it breaks 851 resistance.The price has not been able to move above 851.
851 is major resistance for TECHM if the price breaks the resistance
we can see upward move up to 1120 if it does not break the resistance
then the price may fall up to 540.
IF THE PRICE BREAKS THE RESISTANCE (BUY)
Entry : 851
Target : 1120
Stop loss : 840
IF THE PRICE DOES NOT BREAK THE RESISTANCE (SHORT)
Entry : 851
Target : 540
Stop loss : 860
TECHM forming a bullish triangleWith Indian IT sector looking strong, there are a few potential opportunities . HCLTECH was posted earlier TECHM is another one. Look for new highs while the support holds
