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Techmahindra

Tech Mahindra - Next in Q ?There is clear distribution seen in Tech Mahindra daily charts with clean divergence on RSI, As we can see on chart there is very good support around 720 levels which was earlier a strong resistance, also volume has spiked up recently during last couple of down days. TechM has been very resilient recently and despite the steep fall in Nifty we haven't seen much damage to it, But now as Nifty IT also starting to break down, if it breaks support around 720 and sustains below it then it can open doors to the levels all the way up to 620-600 and may do 550 as well, in between it can fine some support around 694/660. On up side 760-770 should continue to provide very strong resistance on closing basis.
NSE:TECHMShort
by KunalJain
Tech Mahindra - Stratgey for office going peopleHi All , Strategy for office going people . Analysis : Look at weekly chart ,Nice breakout from pull back in feb , again a pullback candle followed by green candle of this week Target zone mentioned on chart. Rule 1 : No naked put /call buy /sell , No over leverage and buy /sell of 5-10 naked lots. Strategy : Buy 650 march call 1 lot @ 5.6 Sell 670 March call 2 lot @ 2.9 Don't violate above ratio.You need capital of 2 lakh for this ,in case you dont have, this trade is not for you. Any close below 650 at expiry will give us small profit of 20 paisa. Close at 660 will give us 4 rs on 650 call and 5.8 rs on 670 call i.e net 9.8 profit Close at 670 will give us 14 rs on 650 call and 5.8 rs on 670 call i.e net 19.8 profit Close at 680 will give us 24 rs on 650 call and 14.5 rs loss on 670 call i.e net 9.5 profit Close at 690 will give us 34 rs on 650 call and 34 rs loss on 670 call i.e net zero loss /profit. We will close our position before it reaches 690. Consult your financial adviser before investing , options are risky , risk of capital loss involved.
NSE:TECHMLong
by neneram