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
Techmshort
#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 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
Short Techm @1780The I.T sector move has been exhausted and now it seems to me that the scripts will be touching their retesting levels before gaining momentum again.
Right now it's time for the finance sector to boom.
The RSI is weak
MACD below signal Line
Volume profile shows targets can be further below.
Sell Below 1780 (Wait for a small retracement)
Targets mentioned in the chart above.
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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 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 !!!!
INTRADAY TRADE IN TECHMINTRADAY TRADE IN TECHM
SHORT@580
STOP@584
TARGET@576
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
TECHM CAN BE BEARISH SOON Other than the points mentioned on my instagram IGTV @kotfotrading , from a longer time frame the current price is near to Fibonacci 38.2 level.
Buyers are dying out and I think this could be the last rally before TECHM starts falling (for short term). Also the 700 price zone is a Value area and Point of control on Volume Profile. Market is closed on Monday so lets see how TECHM opens on Tuesday.
I could be wrong. Do your own research before taking any trade
