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.
Happy Trading!
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:
Deciding buy/sell
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....
Buy 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.
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⭕ 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.
If open gap down and close 10 min candle below 856 trgt will be 846
If gap up and close above 869 tgt will be 872, 876,882 and towards all time high
Depending on market sentiment
