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Techmahindra

TECH MAHINDRA MAY BREAKOUT OF THE RESISTANCE SOON!!Tech Mahindra , one of the IT giants , may move up soon and break the resistance level. It has retested the resistance or the supply zone multiple times, now when there is a breakout of this zone and if it is supported by big volumes , one may go long . Also, we find a bullish marubozu candle near the supply zone which indicates that buyers are strong , but one should wait for volume confirmation and then take position . The most conservative target would be 1109 level.
NSE:TECHMLong
by anusuabose92
TECHM: A Bearish Trend" TECHNICAL ANALYSIS OF NSE:TECHM The LAST CLOSE PRICE of NSE:TECHM is 1080 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 1080. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1094 with RESISTANCE 1 and RESISTANCE 2 at 1034.4 and 997.4 respectively. The Key 50% FIBONACCI LEVEL stands at 1015 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 22.11 and 22.52 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 18.8 and 7.08 at 19.6 along with HISTOGRAM showing values of -0.8, the STATUS is clearly BUY CROSSOVER NEARING IN. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.14 and 0.03 with UPTREND as TREND CHANGED TO SELL. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1768 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 21.47 which signifies its Price Level to be AVERAGE. >>> RECOMMENDATION is : SELL ." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:TECHMShort
by finogent
#51 TECH MAHENDRA THE HUNT BEGINS 💰 #51(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever, jindal steel, india bulls, dabur . Leave a comment that is helpful or encouraging. Let's master the markets together .
NSE:TECHMLong
by tradewithme2cool
1
Tech Mahindra, 26 May 2021 - Intraday SetupTech Mahindra can be used for a good short set position depending upon the price action. The closing price today (25 May 2021) was at a very interesting point. At 15 min time frame, it closed below 50 EMA but took support from the trend line. Short intraday position can be taken if a 15 min candle closes below the trendline with a target till 200 EMA and stop loss just above the 50 EMA. Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
NSE:TECHMShort
by dakshjain76