understanding trends through support and resistance.
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.
Go long around 788 Targets based on fibo SL of 778 (ENTRY STRICTLY after breaking above Inside Bar)
Buy Tech Mahindra @ CMP of 726 Target - 736, 746 SL - 716 (Resistance at 730 - 732.2 Zone) Stock is moving in up trending channel. Expecting continuation of trend after retracement. Trading near trend line & Moving average support.
You can simply use these trendlines and trade. Buy at support and hold for 4 to 5 days.
Follow for latest updates CMP- 600 Buy above 600 with the stop loss of 594 Targets- 606, 608, 610
The stock has many tail that is it shows price rejection. Already formed a triangle pattern break was up-direction. Then followed up with impulsive wave and corrective wave. Currently the stock is near the small support line. Below the support line 535 can be consider as bearish. Buy 538-540 level target 554 to 568. stop-loss 10 point or based on your risk.
DOUBLE BUTTON TAP IN TECH MAHINDRA LONG LONG LONG!!!! 1. Recently, It has Formed Double Tap. 2. Highest LOG Return on 30 March 2020.
day trading call - everything is mentioned in chart just wait for right time to buy.
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.