TRADE SETUP !
H & S CHART PATTERN !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 4-6 times .
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...
It we look at the 30 MIN graph, a lower trendline seems to be forming. This line has been respected many times. This week's trend shows breakdown of that trendline.
Go for SHORT if you want to trade in intraday.
If the price falls, you can go for a position trade when the price reaches down to 700-698.
Buy Tech Mahindra @ CMP of 726
Target - 736, 746 SL - 716
(Resistance at 730 - 732.2 Zone)
Stock is moving in up trending channel. Expecting continuation of trend after retracement.
Trading near trend line & Moving average support.
Stock of Tech M is in very bullish mode & Bo has been done today above the level of 700. Now long entry can be taken above the level of 725 for the next target of 742 with the SL of 710. If stock able to cross the level of 745 successfully then we can see more strength. So add the stock in your watch list to see the price action movement of the stock.