TECHM 1.flug pattern formed and breakout 2. buying pressure stock u expect t1 and t1
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...
Hello guys i had find this selling setup in 4h timeframe which is at good resistance area and we have a good high risk to reward setup we can sell from here with the sl at above resistance and below channel tg also plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow thank you
IT'S TIME TO BREAK THE WEEKLY RESISTANCE IN TECHM. STRONG CONSOLIDATION AT RESISTANCE. IT'S A CLEAR SIGNAL TO BREAK THE RESISTANCE.
Lets keep track of this beauty too :)
Buy for new highs target zone of 960-65 . keeping SL of 912. As per the algo : after a Cross sign , we have got a green arrow in the downside pointing upward which tells us to create a buy position.
Note: This is for educational purpose only. 21 EMA is above 55 EMA which indicates short term uptrend. 21 EMA has been acting as dynamic support previously as well. Moreover, there seems to be a bullish engulfing on 21 EMA. RSI above 60 indicates bullish momentum.
NSE:TECHM on breakout above 720 we can see 770 840 sl 690
Sell Near 718-720 Levels With the stoploss of 727 Target 700 and 690 Reasons For Trade- 1. Daily Trend Is down 2.Price has seen excess selling on channel resistance 3 times 3. 725 is IMP resistance on daily chart. 4.Risk Reward Ratio is more than 1:2
____FOR EDUCATIONAL PURPOSES ____ NOT A TRADING ADVICE____ TechM Looking for a sharp up move from here, is now consolidating at a demand zone.