understanding trends through support and resistance.
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
Note: 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...
Along with IT Index TechM created triangle petter.....IT Index already given breakout so TechM should also. Keep watch
Breakout is veiled and rising volume is supporting
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. **
Analysis mentioned on chart
Levels are given clearly on the chart Disclaimer: This is not a investment/trade recommendation
Sell below 940 sl 1000 target 820-740 Disc : it's not an investment advise to buy or sell
Stock has broken Trendline and is sitting at resistance zone. If stock sustains above 972 tomorrow it can touch 992 tomorrow itself
Buy 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
TECHM GIVEN A BULLISH BREAKOUT, BUT JUST WAIT FOR RETESTING THE SUPPORT (EARLY RESISTANCE) AREA. AFTER RETEST IF ITS MOVES UPWARDS CAN THINK ABOUT A LONG ENTRY
Buy TECHM at CMP 988 with sl below 970 for target 1040 & 1080. Disc : it's not an investment advice to buy or sell