Tech M - Bearish1650 - 1670 strong resistance area
Stock getting pushed once again from same levels
Can fall on every rise
Expecting 1610-1600 levels to be touched again
Techmsell
#TECHM downtrend movement potential with risk:reward ratio 3.8#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 and second target is 900.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Tech Mahindra Chart Analysis !!📈 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 a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Tech Mahindra Analysis April 2022Bearish 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
Techmahindra View for upcoming daysNegative Divergence witnessed in 1 hour Time Frame.
View is bearish.
Supports are : 1440 / 1421 / 1401 / 1386 & 1364
TECHM BREAKDOWNTECHM 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
TECHM: Correction aheadAfter 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
TECHM Date : 06-Aug-21 #MOH
Stock 👉🏻Techm
Pattern 👉🏻 Bearish Extreme Crab 🦋 CMP 👉🏻 1263
Expected Reversal Zone 👉🏻 1288-1303
TECHM Bullish Trend alert - Technical AnalysisTECHM
1.flug pattern formed and breakout
2. buying pressure stock u expect t1 and t1
TECHM ON SELL SIDESTUDY PURPOSE : SELL BELOW 1044 STOPLOSS 1060 AND THE TRAGET 1 >> 1022 TARGET 2 >> 998
TECHM Short Head and shoulderTechM 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!!!
Techm ShortI 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 that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
#TECHM - 1 hour chart bearish
TECHM - Bearish setup
1 hour chart analysis
Harmonics Pattern
Hope my Chart Helps !!!!
TECHM Sell Near 720Sell 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 | Weakness persistsTech 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 reversal, a strong break above 720 will be necessary. Or if the weakness continues and price falls below 690/700 the chances of Bear Flag target being achieved will go up significantly higher.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
TECH Mahindra Swing BUY TechM FNO BUY TECHM Long Opportunity____FOR EDUCATIONAL PURPOSES ____ NOT A TRADING ADVICE____
TechM Looking for a sharp up move from here, is now consolidating at a demand zone.
