this stock is falling now.. we have a strong support lies at 1200 range...in the form of trendline and neckline both are strong, multiple times price takes the help of trendline support... Head and shoulders pattern is also detected in this stock price. a strong breakout is observed from neckline... so keep looking for long in this stock from neckline for the...
Setup is really good. on weekly time frame it formed cup pattern and gave break out of it now talking retest of that lvl with good pattern (falling trend line breakout). Technical are really good but fundamental are descent so that why I will say stock is bit risky so keep bit tight sl. Note: this is not any buy/sell recommendation.
NSE:TECHM about to breakout golden zone 1320 in monthly timeframe. It has created strong bullish trend over year with LL LH HL structures, recent breakout from 1235 level and given strong bounce with pullback near entry level 1235 . Buy range 1221 to 1320, SL 1182. Major targets levels are highlighted in blue lines.
📊 **Analyzing Candlestick and Heikin Ashi Patterns** Tech Mahindra Ltd is currently under the spotlight for its promising candlestick and Heikin Ashi patterns, showcasing a compelling narrative for traders seeking strategic entry points. 📉📈 **Decoding Tick Strength: Daily and Monthly Insights** - **Daily Momentum:** The daily chart unravels a Bullish trend,...
Price is now at resistance zone, and turned to be bearish side.. On the other side we have a bearish channel, every trendline on bearish channel tries to push the price upside... the last trendline is stronger that will take the price again upwards.. wait until price falls below these line and retrace... if failed to go higher a strong fall will observe.
Tech Mahindra Ltd is the multinational information technology and consulting company. It is a part of Mahindra group having operations in over 100 countries leveraging next generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, AI and many more. It ranks among the top 7 IT brands globally with AA+ rating. Tech Mahindra CMP...
Observations: ----> Trendline Broken. May again retest to trendline. ----->> Strong Rise from Previous Support, leaving a demand zone @1020-1035 range. ------>> Bearish gap may be fill.
Price hasnt shown violent downward moves here as compared to the other IT stocks, The Reward to Risk ratio been amazing suggesting to Buy!!! ENjoy!!! Cheers!!!!
Some of IT stocks showing some reversal pattern and same is happening with Tech M as well. The scrip has formed an Inverted HnS in 1 hour TF and we may see some bounce in this scrip. day trader can keep this scrip in radar.
NSE:TECHM has been corrected 61.8% as per Fibonacci. I will be best to take entry at level of 993 with stop loss of 943 (-50 Points Risk Only). Upside I can expect is 1067 & 1150. This could be low risk and high reward idea. Note: This is my personal analysis, only for learning. Thanks.
Price is nearing accumulation level as per the Head & Shoulder pattern technical target. Sound fundamentals with almost zero debt will make it soar in next bull run. Good to accumulate around 850-920 levels for the following targets: Short term swing target @ 1275 (43% ROI with 4.28 R:R) Medium term swing target @ 1620 (82% ROI with 8.1 R:R) Long term...
SUPPORT- 1225, 1150 (free fall below that) PROBABLES INSHA'ALLAH AS PER FIBONACCI LEVELS. Stock is trading at 32% discount from all-time high of 1838. Undervalued stock as compared to industry PE.
There is a formation of a shark pattern on the daily chart of the stock. Currently stock is trading in the PRZ of the pattern. We might see some pullback in the stock. Short-term trade Resistance: 1386- 1410 Support: 1290-1300
Yesterday techm trendline drawn failed. Descending triangle pattern is a bullish signal if it breaks out the pattern. It can give a good upmove before it breaks the triangle.
I recently posted on 23th December that buy Techmahindra Target 🎯 1800 .
Buy Techmahindra Target 🎯 1800 because it's recently given major breakout.
Hey guys! The few last stocks I gave have all the target except ICICI bank which is still consolidating. This TECHM was bought to us on right time today by one of our member of the small group of traders and I also analysed it & it definitely looks good to me too. All the info for buying has been provided in the chart above along with the targets, this can also...
Techmahinda was in a channel pattern from a long time and it gave a beautiful breakout and a good retest tomm wait for little upmove and watch volume and you can go long for a good target and if it comes in channel pattern again wait and watch with volume for shorting