#TECHM price fell in last few session due to nifty down, now it is taking support from trend support line and ready to go up. good HH , HL pattern, good for swing trade Entry - CMP Target - Previous resistance Stoploss - below support line
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade, this post is for educational purpose only . warning :- do not jump directly or do not copy my trades DO your analysis properly
Looks like Tech Mahindra might try to test the following targets in 1-2 years Target1: 1630 Target2: 2315 Lets see if this is possible
TECHM is trading below long time support/ trend line and is expected to retest previous highs given IT industry needs to bounce back as it forms the back bone of banking and other tech related sectors. BNF & NDX are near record highs. hence it should be a just a matter of time when this bounce back happens. Time to take delivery of IT stocks - Large cap IT stocks...
TECHM Looking Bullish At Current Level Expecting to Touch Recent Highs
Entry Strategy: Buy at Current Market Price (CMP) ₹1260 Stop Loss (SL): ₹1440 for risk management Targets: Target 1: ₹1305 Target 2: ₹1400 Nearby Indicator: 200-Day Exponential Moving Average (DEMA) Chart Pattern: Flag and Pole
2 channels made, now at lower of a channel..will bo soon
#Techm cash -Positional call 04.04.2024 Looks good above 1310.10 and dips 1290-1296 Stoploss 1270 Tgt 1360-1370/1440 Cmp 1279.25
The following is observed :- 1. MACD crossover on daily time frame just below the centre line and crossover likely to happen on weekly time frame above centre line. 2. RSI bullish at 53, can be considered bullish. 3. Follow up buying seen from 1240 levels with good price action. 4. Downtrend changed seen after 3 month of previous high in Jan 2024. 5. Range...
Have look at the chart & said patterns peacefully & act accordingly
A Clear downside it doesn't have potential of upside so it show in the downside due to very high PE and mutual funds slow dump the stock to individual to make a profit. there is recession going on UK so this stock kind of week and it will touch 1100 to 1000 will be on mid-april or may month possibility to touch.
Expecting a good upside move it tech m give breaky
*SWING TRADE* Buy Tech M above 1300 SL 1247 Target 1: 1364 Target 2: 1388 Target 3: 1435 Duration 1-2 months Trade as per your risk rewards
Techm mei side buying kar sakte hai agar ye support levels and trendline ko hold krta hai mere Jo pass mere set-up k according ek confirmation hai second is week mil skta hai . Agar aapko Mera analysis acha lagta hai toh aap mujhe follow kr skte hai and mer previous analysis bhi dekh skte hai Jo Maine intraday k liye kiye the
The Target would be 1450 to 1500 upcoming days due to clear reversal and continuous support at resistance level it will be uptrend in upcoming days
Uptrend market and now correction happening then after complete and trend line resistance level breakout after enter the trade
As per daily layout of the chart, the following is noted :- 1. Stock standing at centre line of MACD, which is a sign of revershal. 2. The stock in uptrend and whole sector is making higher high and lower low. 3. Stock at its support line 1300, sign of revershal. 4. RSI rising and at 50, shortly 55 and 60 can be crossed. 5. keeping in view of the above...
Short side trade setup in Tech Mahindra Broke the trend line, can plan a short side trade considering the SL and TP.