Day 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...
Parallel channel breakout @ 1100 (17 Aug 2022)
1) The first target is @1370(20% if buying @1130)
2) The second target is @1570(35% if buying @1130)
3) The third target is at an all-time high @1815(60% if buying @1130)
4) Stoploss @990(14% if buying @1130)
---------- Timeframe: Monthly----------
After making an all-time high(ATH) in 1838 , prices have started collapsing to correct the previous move.
The fair value area has given two resistance on the upper band, and four supports on the lower band of the channel. Excess is showing that sellers are very aggressive with their inconvenience levels.
Key Level...
Price moving along the trend line for a longer period rejecting at least 6 times and finally shoots up breaking it and once again price reached the trend line and taking support, as the expectation about he IT is long once can expect Techm also will join the party. If the price crosses the previous high there is a good chance for the stock to move up and break the ATH.
TECHM on daily timeframe analysis for swing trade opportunity.
With proper stop loss and target momentum can be benefited.
NOTE
We are not SEBI registered
Analysis is shared here is only for educational purpose.
Please consult your financial advisor before any trade.
We are not responsible for your loss.
NSE:TECHM
#NSE:TECHM trading bullish and touches ATH
Post confirmation may try 1700 CE with proper SL.
if Support broken, can be taken PE.
Ping me personally for any clarifications.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
NSE:TECHM
#TECHM formed Rounding bottom and broken the resistance with good volume and sustained above 1530 level
Above 1550 sustainability will give good momentum one can try the same level CE post confirmation.
Have a Happy trading !!
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...
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...
TechM Mahindra looks bullish on chart with immediate target of 1080 with conservative SL of 1027 . It's already buy on ichimoku cloud for some time now, its trending upwards in MACD and now has given good breakout over trend line.
![TECHM: Simple Trade Setup | TECH MAHINDRA | 19-10-2021 [ INTRADAY]](https://s3.tradingview.com/o/OhePQ1pu_mid.png "Simple Trade Setup | TECH MAHINDRA | 19-10-2021 [ INTRADAY]")
