#TECHM downtrend movement potential with risk-to-reward ratio 3.8 Symbol :TECHM Time frame :4 hours Analysis:Moving average 6 is below MA 20 && MA 20 is below MA 40.Break out from a symmetrical triangle on a down trend side. SO,we can expect a target up to 900 . Sell call details : SELL below 1000 with stop loss 1037 and We can expect first Target to be 940...
📈 Tech Mahindra 📉 My Findings :- 1. Breakdown of Strong Support Zone. 2. Lower High and Lower Low Formation. 3. Close Below Seven Months Low. 4. IT Index also week. Check Chart below. Bias- Short Target- 1175 and 1046 SL- 1429 RR- 1: 2 IT Index Chart :- All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have...
Only for educational purpose , please follow levels.
Bearish Engulfing on Day candle that means this stock is weak. If in coming days we 1440 or 1420 breached then we can short until our target met. Initial target : 1401 Exit Trade : 1364
Negative Divergence witnessed in 1 hour Time Frame. View is bearish. Supports are : 1440 / 1421 / 1401 / 1386 & 1364
TECHM gave a breakdown from a rising wedge pattern which is a bearish pattern. Most of the time first it gives a fakeout and then a breakdown same happened here today in tehm RSI going weak MACD going bearish. You can make your short positions on a retracement or pullback
After a thrust from a triangular structure, stock has broken below the level where the triangle completed. It suggests that stock is going to have a larger correction. One should sell the stock on cmp or on any rise keeping SL of 1540 & look for the target of 1450/1350
Date : 06-Aug-21 #MOH Stock 👉🏻Techm Pattern 👉🏻 Bearish Extreme Crab 🦋 CMP 👉🏻 1263 Expected Reversal Zone 👉🏻 1288-1303
TECHM 1.flug pattern formed and breakout 2. buying pressure stock u expect t1 and t1
STUDY PURPOSE : SELL BELOW 1044 STOPLOSS 1060 AND THE TRAGET 1 >> 1022 TARGET 2 >> 998
understanding trends through support and resistance.
TechM Head and shoulder pattern spotted on 2 hour chart. Short at cmp 984 or below Neckline is 988 First Target 943 Second Target 900 (Ideally should be achieved within 6 days) Good breakout for Head and shoulder with RSI below 40 now and recent MACD sell signal ,best time to short!!!
I hope you can now see how Techm represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be assumed...
TECHM - Bearish setup 1 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
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
Tech Mahindra appears weak in chart. Earlier there was a Double Top pattern and currently we could see a valid Bear Flag pulling price downwards. Now that the stock is hovering around double top target levels of 700, which also being a round number the stock might pick it as a support and perform some recovery. However, the recovery to be considered as a trend...