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Techmahindra

Solid Breakout in Tech Mahindra after a long Accumulation PhaseHello Traders and Investors, i hope you all will be doing good. I have brought an analysis on Tech Mahindra, i hope it will be beneficial to you guy's, So let's start:- As we have seen a Neat and Clean solid Breakout of Tech Mahindra stock after a long Accumulation Phase. Do you guy's know What is an Accumulation Phase? Okay i will write what i know about it. Notable Characteristics of Accumulation Phase:- It shows that strength is building into security. The security starts trading in a well defined range, moving between the upper and the lower band of the consolidation. Market participants start becoming bullish on security in the accumulation phase. The Price starts moving in a range indicating that the price of the security is bottoming out. This phase indicates that a fight is happening between buyers and sellers and eventually, buyers take over sellers towards the end of this phase. So guy's i think this (Accumulation Phase) is clear now. So, Guy's same thing we have seen in Tech Mahindra stock also, earlier trend was Downtrend then Accumulation Phase, now as we have seen a breakout in it. So we can assume that now the trend will shift in uptrend. I have marked everything on chart like, Entry point, Targets and Stop loss. Please check chart for the levels. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:TECHMLong
by TraderRahulPal
Formation of Diamond Bottom Pattern in Tech MahindraThe Diamond Bottom pattern is a technical analysis pattern often used by traders to identify potential trend reversals in financial markets. It is characterized by a series of higher highs and lower lows that form a broadening pattern, followed by a narrowing trading range and an eventual upward breakout. During a downtrend, the price action forms higher highs and lower lows, creating the broadening pattern that resembles a diamond shape. This indicates uncertainty and consolidation in the market as both buyers and sellers struggle for control. However, as the pattern develops, the highs start to peak and the lows begin trending upward, narrowing the trading range. The significance of the Diamond Bottom pattern lies in the breakout that occurs when the price breaks upward out of the diamond's boundary lines. This breakout is considered a strong indication of a trend reversal, signaling the start of a new uptrend. Traders who recognize this pattern may take it as a bullish signal and consider entering long positions or buying opportunities. It's important to note that while technical analysis patterns like the Diamond Bottom can provide insights into market behavior, they are not foolproof and should be used in conjunction with other analysis techniques and risk management strategies. Market conditions and other factors can always influence the outcome, so it's essential to exercise caution and conduct thorough analysis before making trading decisions. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:TECHM
by hardeepssethi
TECHM Swing Buy TradeBreakout on daily timeframe via trend line. TECHM ready for a mid term swing buy trade. Please refer the chart for the respective SL and Targets. Plan trade as per proper Risk Reward ratio. Note: This information is for entertainment purpose only and please do your own research and consult your financial advisor prior to taking any action. If you like this Idea, Please do like my ideas and share it with your friends. To further connect check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:TECHMLong
by rkinspiro1
1
TECH MAHINDRA long term analysisTech mahindra , the IT giant which had fallen almost 50% from its 2021 highs has been consolidating in a range from 1150 to 1000 levels for more than 300 days , any breakout on either side will give huge movements on either sides , on upside if theres breakout the stock can test 1400 levels (20%) , on downside if theres a breakdown a big fall is possible towards 800 levels(20%) which is a major long term support for the stock and one should not be missing the chance to buy this stock for long term at 800 levels if comes PS: All the levels are derived from Fibonacci and Harmonic patterns and very very strong support resistances
NSE:TECHMLong
by sniper1290
NIFTY IT analysis for coming daysNIFTY IT index is currently in a sideways territory , there is high possibility that the levels of 32k to 33k will act as a decider point for trend in coming days , anything sustaining above 32-33k levels will lead to a bullish rally towards all time highs , if index rejects and sees selling pressure from 32k-33k levels , there can be another big correction coming in the index in coming days with possibility of index also going below 25k levels . Currently it is at wait and watch zone (BIAS IS NEGATIVE)
NSE:CNXITShort
by sniper1290
2