TECH MAHINDRA (1W) – Approaching Major Resistance Zone 🟢 Simple Chart Explanation:
• TECHM is moving in a clear long-term uptrend
• Price is consistently respecting the rising trendline (green line)
• Higher highs & higher lows show buyers are in control
• Currently, price is near a strong weekly resistance zone
📌 Important Levels to Watch:
• Major Resistance: ₹1,800–₹1,840
• Immediate Support: ₹1,650–₹1,680
• Trend Support: Rising trendline
• Invalidation: Weekly close below ₹1,600
💡 Price Action Insight:
• Strong recovery from trendline support
• Momentum is positive but price is at supply zone
• Break & hold above resistance = fresh upside potential
• Rejection from resistance = possible consolidation or pullback
📈 Bias:
• Bullish as long as trendline holds
• Watch for weekly close behavior near resistance
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⚠️ Disclaimer
This analysis is only for educational purposes.
I am not a SEBI-registered investment advisor.
This is not a buy or sell recommendation.
Stock market trading & investing involve risk.
Please do your own research or consult a SEBI-registered advisor before making any decision.
⸻
❤️ If this helped, LIKE & SAVE the chart for future reference
(Weekly levels are powerful when saved 📌)
Techmahindralevel
TechMahindra BreakoutHi All…
Greetings!
Today I’m sharing with you Tech Mahindra Daily Chart. There has been a good break out in the stock. The stock has made a Double Bottom Pattern and has crossed its Down Trend Line. I think it would a good time to invest in the stock. Hoping for the stock to reach the TGT of 1680.
In the coming time I think it should give good returns.
Thanking You
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. I'm not a SEBI registered technical analyst.
TechM Trade AlertTechnical Analysis:
Trading Above 20 EMA : good for short term
Trading Above 200 EMA : goof for Positional as well
Take reversal from support few days back with good volume
After Breakout from channel take support of channel as well
Good Volume
Trading Setup
Buy if dont go negative on open at cmp
Target would be :1750-1800-1850
short Term SL would be : 1675
For Positional trade SL would be : 1630
TECHM 2200 ?we can see a wave 1 - 500 to 1800 , in this wave we can see a good retracement of .618 and price is also taking support on a major trendline. AB=CD can be form
a good consolidation or a pennant pattern also can be seen .
if we sit in this trade on the sl of 900 we can definately seen a return of 100% in this script
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
Tech MahindraTech Mahindra breakout or breakdown level
Tech Mahindra is an Indian multinational information technology services and consulting company. Part of the Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai. Tech Mahindra is a US$6.0 billion company with over 158,000 employees across 90 countries.
Techm buy @1100 to 1110Day Chart/Weekly Chart/Monthly Chart
It is showing that the downtrend is breakout and starting uptrend, need to first confirm @ 1100 when crossing then buy. The range of buying price is @1100 to 1110.
The first target price is @1575 (43%) and the time period is 3 to 6 months.
The second target price is @1839 (66% Return) and the time period is 3 to 6 months.
The First Stoploss @1000 (10%)
The Second Stoploss @944 (14%)
The stock fundamentally strong ROE 21%, Sales Growth TTM 21%, Profit Growth TTM 13%
Maintaining a healthy dividends.
This idea is only for educational and training purposes. Please confirm your technical analysis then invest. thank you
Tech Mahindra Chart Analysis !!📈 Tech Mahindra 📉
My Findings :-
1. Breakdown of Strong Support Zone.
2. Lower High and Lower Low Formation.
3. Close Below Seven Months Low.
4. IT Index also week. Check Chart below.
Bias- Short
Target- 1175 and 1046
SL- 1429
RR- 1: 2
IT Index Chart :-
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Simple Trade Setup | TECH MAHINDRA | 07-03-2022 [INTRADAY]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 gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TECH MAHINDRA | 19-10-2021 [ INTRADAY]NSE:TECHM
Observations:
1) On 1 day time frame, it took good support from 50DMA and also broke 21DMA and closed above resistance range 1465-1475.
Now this range should work as support to maintain its bullish momentum.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see double bottom pattern.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
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 gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.














