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
Tech Mahindra after having completed the Five wave Impulsive move, is retracing the rise. Sell. Target : 515 Stoploss : 535
This 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...
Long Positions can be made in tech mahindra as since its near it support line
Ascending Triangle Formation Flow Diagram with Price Levels
Long Techm for pull back gains
Can consider TechM bullish above 841 based on chart analysis and previous reversal trend Keep on radar.
TechM looks good to buy for long term. Trading in ascending channel with targets of 815 and 835.
The price is at a very crucial zone in the Weekly. A mountain pattern is forming in the Weekly. You can call it Head and Shoulders. Facing stiff resistance from the Weekly area. In the Daily, the long term TL has been broken comfortably on 2nd Dec. The recent trend was already down. Price is seen moving in this parallel channel. Today, we are seeing a...
day trading call - everything is mentioned in chart just wait for right time to buy.