The stock has many tail that is it shows price rejection.
Already formed a triangle pattern break was up-direction.
Then followed up with impulsive wave and corrective wave.
Currently the stock is near the small support line.
Below the support line 535 can be consider as bearish.
Buy 538-540 level target 554 to 568. stop-loss 10 point or based on your risk.
Stock of Tech mahindra is on bullish mode & long entry can be taken after the TL broken above the level of 668 for the next target price of 702 with the SL of 648. The stock is also forming the positive divergence is another sign of strength. All important levels are marked on the charts for your understanding. so add the stock in your watch list to see the price...
I hope you can now see how TECHM represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
clearly, we can see after the BO level of 630 stock has sustain very well & closing of the day is above the level. So now once again after the BO level of 655 we can take long entry for the target price of 670 & after 680 we can clearly see the 715 levels in the stock. but in case of weak global sentiment this stock can go in bearish mode. So the best practice...
Long Tech Mahindra above 605 for Intraday Target 635 and Short term target is 670+ with strict stop loss is 595. Here You will get 1: 7+ risk-reward.
Disclaimer: This is my personal view. kindly take the advice from your financial adviser before initiating the trade.
Tech Mahindra stock to be taken for long entry after the trend line BO @ level of 575. Now the stock is on daily trend above the 50 EMA. Target level as marked in the chart @ level of 590 to 600. So add the stock in your watch list to see the price action movement in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can...