range betweeen 950 and 975, as far 950 strong support if it breaks 950 good downwards momentum will be recorded, first resistance 975 and second resistance 994.50,if it crosses 994.50 good momentum expected to 1022 and 1050.
TECHM LOOKS GOOD FOR TOMORROW !
WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE.
IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION !
TRADE WITH PROPER RISK MANAGMENT !
FOLLOW FOR DAILY ANALYSIS !
In TECHM we have a bearish view. Confirmation is below 900.
We Are Going To Create Positional Short In TECHM Below 900 for the target of 800.
See Chart For More Information.
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
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.
TECHM GIVEN A BULLISH BREAKOUT, BUT JUST WAIT FOR RETESTING THE SUPPORT (EARLY RESISTANCE) AREA. AFTER RETEST IF ITS MOVES UPWARDS CAN THINK ABOUT A LONG ENTRY
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
