===================================================== ⭕ 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 ...
TECHM 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.
Above 890(new 52 week high) Support at 799-729 weak below 729(which is recent HL) Above all important moving average
Some 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
this is for educational purposes only
A CLEAR DIVERGENCE . I EXITED AS SOON AS I SAW
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 Move Breaking trendline, we may see the level of Resistance around 857-880 On Downside Support around 830-810 in short term. ... If you like, just hit the thumbs-up button or comment and share. . Updated on : 06-NOV-2020 7.25pm Disclaimer: Only for learning purposes. - Nse Intraday Stock Trends and Stock Market Tips for more on stock trends...
Based 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
stock seem overbought and some correction cant be denied
TECHM gave channel breakdown and also pattern looks like double top Price is near neckline breakdown Weak below 798 level
Note: This is for educational purpose only. 21 EMA is above 55 EMA which indicates short term uptrend. 21 EMA has been acting as dynamic support previously as well. Moreover, there seems to be a bullish engulfing on 21 EMA. RSI above 60 indicates bullish momentum.
NSE:TECHM Chart is showing bearish signals, indicates pullback.
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 :...