Short Tech Mahindra at CMP (851) SL - Exit if Day's close above 874
Short it for some quick gains... Chart approached bearish zone.
this is for educational purposes only
If the scrip sustains above 846 then it has possibility to move towards 868/78/86 levels. Regards
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.
Price - ₹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.
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 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.
Techmahindra is break a Flag pattern and move up day by day it's time take Swing trade I was mentioned buy level and target also ..... I was posted this analysis for thos who stucked this fucked Market ... Please hit like if you like my analysis so I was posted this type of analysis in future and some motivation for me
Tech Mahindra Bullish Move Breaking trendline, we may see the level of Resistance around 857-880 On Downside Support around 830-810 in short term. ... If you like, just hit the thumbs-up button or comment and share. . Updated on : 06-NOV-2020 7.25pm Disclaimer: Only for learning purposes. - Nse Intraday Stock Trends and Stock Market Tips for more on stock trends...
stock seem overbought and some correction cant be denied
TECHM gave channel breakdown and also pattern looks like double top Price is near neckline breakdown Weak below 798 level
ANALYSES BASED ON 1. SWING ACTION 2. RSI 3. PRICE ACTION 4. RSI
STOCK KEY LEVELS SUPPORT AND RESISTANCE FOR INTRADAY 26/10/2020 TRADE WITH STRICT STOPLOSS AND FOLLOW RISK MANAGEMENT
TRADE BASED ON 1, HIGHER HIGH AND HIGHER LOW BASES 2. PRICE ACTION 3. VOLUME ANALYSES 4. FIBO RETRACEMENT