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Techmahindra

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.
NSE:CNXIT
by pradumnasaraf
26
Techm ShortI 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 . Thank You Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:TECHMShort
by EntryandExit
Tech mahindra stock to be taken for long entryStock 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. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask. Watch the free trading ideas performance sheet for the month of July-2020 drive.google.com
NSE:TECHMLong
by Tech_stock_trader
Tech mahindra stock to be taken for long entryStock 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 action movement of the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask. Watch the free trading ideas performance sheet for the month of July-2020 drive.google.com
NSE:TECHMLong
by Tech_stock_trader