Bearish sentimentIf 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
Techmahindra
TECHM REVERSAL - VSA + Volume Profile [Swing Trading]Short Tech Mahindra at CMP (851)
SL - Exit if Day's close above 874
#TECHM seems to be bullish only above 846If the scrip sustains above 846 then it has possibility to move towards 868/78/86 levels.
Regards
TECH MAHINDRA (Intraday & Swing)Both for Intraday & Swing. Tech Mahindra has been consolidating for a 2-3 days. It can give a breakout either for long or short. No Trade Zones has been given, if it breaks either of it, it will give good targets.
Stock Analysis of Tech MahindraPrice - ₹840.15 Dt. - 15-11-2020
Price is near to the support/resistance line. Price made bearish Doji showing the stock can correct till ₹815 near 50DEMA. RSI is neutral and from last few trading sessions the stock is witnessing less than average volume. Buy call will be activated after the expected technical corrections and after the volume start coming.
TECH MAHINDRA (Intraday & Swing)Missed this stock. Had we been 2 days before, we would have taken a good profit from this. But there's still some hope. It can still reach it's 8th October high and might even break it as the IT sector is positive.
Tech mahindra stock to be taken for long entryTech M in bullish mode on all TFs. Long entry to be taken above 855 for the target price of 880 & 900 with SL of 819. 3:1 reward to risk ratio. All ideas shared is for your educational purpose only.
Tech Mahindra Bullish MoveTech Mahindra Bullish Move
Breaking trendline, we may see the level of Resistance around 857-880
On Downside Support around 830-810 in short term.
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Updated on : 06-NOV-2020 7.25pm
Disclaimer: Only for learning purposes.
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TECHM short idea for intraday TECHM gave channel breakdown and also pattern looks like double top
Price is near neckline breakdown
Weak below 798 level
M&M FOR SWING LONGTRADE BASED ON
1, HIGHER HIGH AND HIGHER LOW BASES
2. PRICE ACTION
3. VOLUME ANALYSES
4. FIBO RETRACEMENT
Tech Mahindra is going to go for a fre-fallPlease follow these rules before taking a trade :
1. The breakout candle didn't have any volume (Checked).
2. It is at a major resistance (Checked).
3. The up-trend has to be broken and retested (Checked).
4. Take the trade only after the above these.
Do let me know if any doubt is there.
Is Indian I.T sector rally over? " Shooting Star Pattern" According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern).
Here, by Nifty I.T analysis I am referring to I.T stocks
Eg: NSE:TECHM , NSE:TCS
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
