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
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...
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.
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
Techm Would Likely to Be Touch 1200 To 1150 To 1100 Even Lower Would Be the Possible Scenario in Upcoming Month So Maximum Stay Out of the Stock for A while
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...
