TECHM now Trading above 21 & 55 emas, successfully crossed 200 ema and retested now in dcb chart. As per drawn Fibonacci Extension, short term Target would be 1195-1205 and mid term target would be 1340-1370. Those mentioned zones are vital resistance zones also.
Disclaimer - this chart analysis is only for educational purpose. Do proper study before taking...
Tech M Daily TF Breakout we are seen from last few months it stock not moving much cause of some crisis if we are seeing on like chart if it starts to move it can make nifty to rocket like
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...
🔴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...
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.
LONG NSE:TECHM
Two approaches:
Long above 560 SL 550 TARGETS 570/576/590/605 (Aggressive traders)
Long near 550 SL 540 TARGETS 570/576/590/605 (Conservative traders)
Good demand zone in 540-550. Also, stock has formed Inverted head and shoulder on hourly charts.
More details in chart.
TECHM this stock instrument has formed possible bull flag
Bullish Alert is Up Over +250Pts
At Present our trend direction indicator confirms the is new uptrend
This trade methodology helps traders to identify the overall Market direction.
we deliver educational trading scripts to help traders win
follow us for free 3 day access
