Techmahindra
TECHM 1D share Analysis for Swing TradeTECHM on daily timeframe analysis for swing trade opportunity.
With proper stop loss and target momentum can be benefited.
NOTE
We are not SEBI registered
Analysis is shared here is only for educational purpose.
Please consult your financial advisor before any trade.
We are not responsible for your loss.
TECHMA Minor Pullback can be expected till 20 EMA but as it has broken the RSI Convergence Line, and also RSI indicating the same and is above 60, I will recommend an entry with caution for the Minor Pullback. I will recommend keeping 1630 as the initial Stoploss, then move along till RSI is above its Yellow MA Line and if you are checking the minor pullback, just verify if the 1630 Level is broken below to confirm entry.
But definitely a Long entry as of now.
Entry time has passed. So Enter with caution or wait for the pullback till Violet Line.
TECH M - Breaking Ascending triangle - 3 white soldiersTech M has broken the Ascending triangle and has already gave a move out of the triangle.
a bullish the price will keep moving up, advance blocks of green candle are created.
need to be careful with what candle gets created next as if a bearish candle is formed the price might move back in the red zone.
TECHM - Clear Breakout 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade