TECHM's daily chart suggests that it has taken support at the same level as it has in the previous few days. Moreover, it has broken out of an upward channel and is testing it today with a gap down. Moreover, a look at the 14 day RSI suggests a bullish divergence taking place in the charts. If the price holds the upward channel and bounces off it, the price could...
NSE:TECHM Trade Setup for 07-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or...
Negative Divergence witnessed in 1 hour Time Frame. View is bearish. Supports are : 1440 / 1421 / 1401 / 1386 & 1364
TECHM has shown breakout in such a falling market could soon move towards 1442-1450. Long techm near 1425-1428 with sl 1418. IT sector on focus.
As we see TECHM is on the verge of breaking channel and 200ema .we can go long above that by keeping our stoploss below 200ema.
Nifty It has been showing no particular direction for the past week, sometimes on a solid green day it manages to fall and sometimes seeing Nasdaq it seems to gain some points but what is the real direction of this sector? I have taken the top 5 Nifty I.T stocks that have the most weightage in this sector and have analysed them. Below are all the top 5...
NSE:TECHM 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ,...
According to chart anylasis buy @1480 or above for target 1530-1550-1600++.
Tech mahindra will start it's climb soon, bullish on this one, follow nifty IT for indications.
#Techm Long (31 JAN) Taking support around 200 day EMA RSI recovered from oversold territory Buy at CMP-1460 SL- 1385 Target- 1540, 1605 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
NSE:TECHM Yesterday Institutional zones combined with price action. there are more stocks in which respected the levels we have updated few for references.
TECHM gave a breakdown from a rising wedge pattern which is a bearish pattern. Most of the time first it gives a fakeout and then a breakdown same happened here today in tehm RSI going weak MACD going bearish. You can make your short positions on a retracement or pullback
After breaking the parallel channel it has taken a nice support at weekly. I would keep a tight SL below the support and go long. Confirmation being the two hammers.
Price moving along the trend line for a longer period rejecting at least 6 times and finally shoots up breaking it and once again price reached the trend line and taking support, as the expectation about he IT is long once can expect Techm also will join the party. If the price crosses the previous high there is a good chance for the stock to move up and break the ATH.
1. Price broke out from the current up trend after many rejections. 2. Also, NIFTY IT Index is strong by showing breakout from Flag & Pole pattern.
The I.T sector move has been exhausted and now it seems to me that the scripts will be touching their retesting levels before gaining momentum again. Right now it's time for the finance sector to boom. The RSI is weak MACD below signal Line Volume profile shows targets can be further below. Sell Below 1780 (Wait for a small retracement) Targets mentioned in the...
techmahindra can give breakdowm of it follows the inverse flag and pole pattern and give some good targets