HEY Its tech mahindra 1) double bottom 2)up trend if u like it plz like,follow and share
Short Tech M below 1000 Target 945 - 920-900 with SL 1025. Negative divergence & RSI below the level of 40 . Stock in sideways movement for long time. This is for your educational purpose only.
Buy Tech Mahindra near 1020-1025 area Stoploss 1000 Target above 1050 Study: Double bottom Breakout ..It can be called as Triple Bottom and stock is trading near retesting Zone
Breakout is veiled and rising volume is supporting
TEHM closed above the trendline. Can go long for the rest couple of days. Can be done both swing trade and Intraday above the mentioned levels only. ONLY for EDUCATIONAL purpose.
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
take a trade based on breakout stop loss based on your money management.
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.