20TH JULY TECH MAHINDRA TRADE SETUPTrade with trend here, place your targets and stop loss according to support and resistance trend line.
Techmahindra
TechM 1h is on the bull run589 is a structural support zone once push upside to above golden color line it will be strong bullish momentum till 630 and 648.
Long Tech Mahindra above 605Long Tech Mahindra above 605 for Intraday Target 635 and Short term target is 670+ with strict stop loss is 595. Here You will get 1: 7+ risk-reward.
Disclaimer: This is my personal view. kindly take the advice from your financial adviser before initiating the trade.
TECH MAHINDRA LONGAt the lower trend line, showing signs of a bullish move. Keep stop loss at lower trendline around 535.5. Target 1 at 572 and Target 2 at 609.
Tech mahindra stock to be taken for long entry.Tech Mahindra stock to be taken for long entry after the trend line BO @ level of 575. Now the stock is on daily trend above the 50 EMA. Target level as marked in the chart @ level of 590 to 600. So add the stock in your watch list to see the price action movement in 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 .
Long Tech Mahindra @552Tech Mahindra near breakout level at 552. After breakout this level we will see a move towards 565 and 570+.
Major Key levels on TECHM:The stock has many tail that is it shows price rejection.
Already formed a triangle pattern break was up-direction.
Then followed up with impulsive wave and corrective wave.
Currently the stock is near the small support line.
Below the support line 535 can be consider as bearish.
Buy 538-540 level target 554 to 568. stop-loss 10 point or based on your risk.
Tech mahindra share on bearish trend.Clearly, We have seen bearish trend in TechM share . The stock is trading below the 50 EMA. . More important we have seen the fallen window pattern during the last trading session so this will increase the probability of more bearishness in the stock. Thus we can take the short entry below the 550 level for the next target of 540. As we can see the Major support level at this point. Once this support level BO then stock may touch the level of 525-528. Thus add the stock in your watch list .
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Tech Mahindra - Bearish Setup - Price ActionPrice Action in Tech Mahindra signals weakness.
Initiate Short.
Target : 565
Stop Loss : 592
INTRADAY TRADE IN TECHMINTRADAY TRADE IN TECHM
SHORT@580
STOP@584
TARGET@576
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
#5 - Long Tech Mahindra - Expected Upper Breakout NSE:TECHM
Expected Upper Breakout
Reasons being:
1. Expected Breakout in Wedge Pattern line in Daily chart
2. Breakout in OBV
Long Bank of Baroda with a target of 570 and 600 for 8 to 10 days.
SL around 505
TECH MAHINDRA Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Techm wait for the levelsWait for the price to touch the trendlines
Wait for the price action at the trendlines
Take a trade based on the breakout or reversal at trenline
Tech Mahindra - Possible Inverted Head and Shoulder PatternTech Mahindra is forming what appears to be an inverted Head and Shoulders pattern.
Initiate long in anticipation of its breakout.
Target : 580
Stop Loss : 495
Tech Mahindra - Impulse Wave Completion - Fibonacci RetracementTech Mahindra after having completed the Five wave Impulsive move, is retracing the rise.
Sell.
Target : 515
Stoploss : 535
TECHM intraday chartThis is just a trading discussion.
Today TECHM reversed from upper trend line indicating resistance at those levels also Higher high structure at 530 level was broken which gives us warning of short term trend reversal. So the overall bias turns to be negative. Today's High and low (marked on the chart) will play a crucial role in determining the direction. If high is broken with volume and price sustains at that level up movement will be fast. Red lines marked on the chart will act as support/resistance.
