Hi All ,
Strategy for office going people .
Analysis : Look at weekly chart ,Nice breakout from pull back in feb , again a pullback candle followed by green candle of this week
Target zone mentioned on chart.
Rule 1 : No naked put /call buy /sell , No over leverage and buy /sell of 5-10 naked lots.
Buy 650 march call 1 lot @...
Forming a Cypher pattern in Techm -2.79% . Long positions can be taken @428 level if it sustains in that range for a immediate target of - T1 (460) , T2 (471) , T3 (482) . SL 405
RSI Indicates that it is going to enter the oversold zone. May bounce back sooner.
Immediate support @ 445 - 447. If it breaks this level long positions can be initiated
It is been observed on the hourly chart that the price action is forming higher highs and higher lows indicating a trend moving to upside. Now, it has further broken above the prevailing resistance level of 507-510 and now further move to 520 levels to fill up the gap zone.
Tech Mahidnra after breaking the downtrend has been trading in uptrend channel respecting support and resistance, it closed on wednesday at support of channel and may upside from this level towards the channel resistance somewhere between 508-510 in near term. trades may enter long on this stock keeping in view of breakout downside.
TechM has Probably Made a Double bottom Around 405 to 407 Levels on Weekly Charts.
Daily Trend has Change to upwards. Closing Above 456 would take him further to 483 Levels ( 50% of Swing Range )
Its a Worth Buy and accumulate at Current level From 440 keeping a Exit Level @ below 427 on Closing Basis.
A Short to Medium Term Trade.
It is been observed on daily chart that the price action is breaking out from a downward trendline with an uptrend channel formation. It is slowly and gradually moving up the price levels while respecting the resistance and support levels of the said uptrending channel. It shall further move up to the next resistance level at around 460-65 levels.