Stock is closely following the trend line and up move seems to stall at 780.
A break above 780 with volumes is a good buying opportunity with Target of 803 and a breakdown below the trend line which comes around 758 levels may see selling pressure till 745
As per chart analysis and movement of dollar in recent days, IT space looks slightly bearish in upcoming days. One can go for short in Tech Mahindra with sl above 720. This view is for swing traders.
NSE:TECHM has printed a nice bearish pinbar around its life time high......high chance of reversal ...tomorrow i will look to short.......contra trend trade..... risk is high....only trade with light position
Hi All ,
Strategy for office going people .
Analysis : Look at weekly chart ,Nice breakout from pull back in feb , again a pullback candle followed by green candle of this week
Target zone mentioned on chart.
Rule 1 : No naked put /call buy /sell , No over leverage and buy /sell of 5-10 naked lots.
Strategy :
Buy 650 march call 1 lot @ ...
