TECHM trade ideas
Medium term trading opportunity in Tech Mahindra for > 15% upsidHi,
NSE:TECHM has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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TechM--Breakout and retest
--dravas box
Disclaimer:
- The view expressed here is my personal view
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-- Do your own analysis and consult your financial adviser if needed
Tech Mahindra looks good to me with good Risk RewardTech Mahindra looks good to me with good risk reward ratio, one can take pantar with such a small stop loss.
SL: 1577
SL Percentage: 3.15%
TECH MAHINDRA There is two scenario possible to go higher high. we need to wait fill the volume imbalance then, we will go for as per scenario
Tech Mahindra Ltd view for Intraday 3rd October #TECHMTech Mahindra Ltd view for Intraday 3rd October #TECHM
Buying may witness above 1644
Support area 1620. Below ignoring buying momentum for intraday
Selling may witness below 1599
Resistance area 1620
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Conformation on Daily Charts.NSE:TECHM Conformation of Daily Charts of the Below Analysis.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Tech Mahindra Monthly Expiry (Short)Tech Mahindra can correct itself due to following technical reason:
1) DoubleTop Formation/ M pattern
2) Swing low are broken
3) On Daily chart trading below 20 EMA
On Hourly chart trading below 20 & 50 EMA
4) Tried breakout yesterday failed today marubozu
seller on daily candle representing seller's in
control
5) Can correct further since it's breaking channel.
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Retesting it's Breakout and About to Break Major Levels NSE:TECHM is retesting its resistance on a weekly timeframe, if 1530-1574 is sustained it can easily go to ATH Levels of 1838. Keep in Radar
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
TECHM / DAY 12 /26 SEPLong/1605
Target/1627
Sl/ 1599.4
Follow for more.
Trading involves risk trade carefully.
Going To SHORT As per analysis, it would come to marked line ..
please beware before buy CALL option or future
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
TechM looks like Head and shoulder in formation!This chart presents a classic Head and Shoulders scenario, which traders should watch closely for confirmation. If the right shoulder forms and the price breaks below the neckline, it could signal the start of a bearish trend, providing an opportunity for short sellers. On the other hand, if the price breaks out above the current resistance, the bullish trend could continue.
In essence, traders should be prepared for both outcomes by monitoring price action around the neckline and key resistance levels while also factoring in volume and other indicators to confirm the pattern's validity.
Tech Mahindra towards 1800?It's on the way.
Plan to buy on reversal else I think go with half quantity only?
A stock that can be looked for swing trade.the above stock is about to break its multiyear level. after the given level the stock have the potential to reach the new higher range with 40% upward movement. individual can be in the trade after it breaks its multiyear level as shown in the image with 4:1.
TECHM - Ichimoku Breakout📈 Stock Name - Tech Mahindra Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1643.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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#IchimokuCloud
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TECHM - CUP AND HANDLE PATTERN DAILY CHART The stock has formed CUP & HANDLE pattern
on the DAILY chart.
One can enter above 1589 with a strict
Stoploss of 1531
Target 1 - 1629
Target 2 - 1670
Target 3 - 1700
Target 4 - 2150
#SWINGTRADE
#FUNDAMENTALLY STRONG STOCK
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Buy Techm for a target of 2000Buy Techm for a target of 2000 in three months, giving break out in weekly and monthly time frame
TECHMAHINDRA BREAKOUT WCBTechmahindra resistance breakout
weekly basis with good volume
rsi strong trading above 20ema
#target 1800 soon
EDUCATIONAL IDEA
Tech MahindraTech Mahindra is all set for breakout
Once cross 1575
Open sky massive Surges
1592 ce & 1600 ce OI Rising
