THIS CHART GIVES YOU KNOWLEDGE ABOUT Tech Mahindra Ltd.CHART ANALYSIS WITH SUPPORT AND RESISTANCE
Trade with trend here, place your targets and stop loss according to support and resistance trend line.
589 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 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.
At 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 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...
Tech Mahindra near breakout level at 552. After breakout this level we will see a move towards 565 and 570+.
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.
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...
Price Action in Tech Mahindra signals weakness. Initiate Short. Target : 565 Stop Loss : 592
INTRADAY TRADE IN TECHM SHORT@580 STOP@584 TARGET@576 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
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
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Wait 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 is forming what appears to be an inverted Head and Shoulders pattern. Initiate long in anticipation of its breakout. Target : 580 Stop Loss : 495