The range is narrowing in TechMahindra and it may explode on either side, please refer to the chart for targets.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
TechM Head and shoulder pattern spotted on 2 hour chart.
Short at cmp 984 or below
Neckline is 988
First Target 943
Second Target 900 (Ideally should be achieved within 6 days)
Good breakout for Head and shoulder with RSI below 40 now and recent MACD sell signal ,best time to short!!!
HOW TO FOLLOW ALGO SIGNAL:
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
Beautiful breakout in TechM today, can hope for a profit booking tomorrow morning before heading to higher targets.
If rejection from 968 on opening, short to take quick profits till 956.
If 956 sustains, we can go long at these levels for upper targets
You can go long if gaps up & sustains 968.
Tech Mahindra is a new high zone and is trading with good indications.
Also, move observation towards the RSI. Interestingly, the stock has not really moved below the 50 line in the RSI decisively. That indicates good strength in the stock.
Go long in this stock. IT is the flavour of the market.
If not trading, certainly keep this on radar to buy at dips....
⭕ 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 ...
long techm for a long term positional period.
It should blast once it crosses 52W high.
Buy on dips if correction happens. (at 913, 885, 879 )
Dont take any trade without consulting your financial consultants. this is just for educational purpose, i am not a NSE Registered broker or Expert in market.