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.
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.
BUY TECHM SMALL QTY AT CMP AND INCREASE AT BUYING ZONE.
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
BUY TECHM FUT ABOVE 641 TGT- 672 691 710 Closing base SL-608 How to follow our calls & earn maximum profit from our calls 1. You should always keep the STOP LOSS. In the market only SL will SAVE YOU 2. When Target1 is ACHIEVED, TRAIL your SL to BUY/SELL PRICE. 3. Subsequently when Target2 is ACHIEVED, TRAIL your SL to Target1. 4. Subsequently when Target3 is...