TECHM trade ideas
#TECHMAfter a timely Sell alert, moved from 1730 to 1465!
It's all about aligning to the flow and riding the trend.
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
#50_EMA50 EMA Support in TechM proved time and again as an imp support in its outrun.
Also, the previous b/o level of 1630-1640 will now act as support.
A short-term swing trade candidate.
Disclaimer : Educational View
LONG TECH MAHINDRAAfter breaking the parallel channel it has taken a nice support at weekly. I would keep a tight SL below the support and go long. Confirmation being the two hammers.
TechM reversal sign from very good support zoneTechM has taken a pinbar support on 1Hr TF which confluence with trend line support and horizontal support zone. also, script made dogi candle in 1D TF on 19.01.2022
Tomorrow will be a good momentum we can expect. Follow price action and levels before enter
Tech Mahindra swing tradeOn a Daily time frame, Tech Mahindra is forming Higher High and Higher Low. Based on Demand and Supply power pattern, A buying zone has been formed known as FTR. Buying price as per zone - 1650.5 , Stop loss would be below the zone, i.e. - 1576 and the target would be new higher high. Safe trader can keep a target 1820 which is near its recent high as it can act as a resistance. Thus making a Risk reward of more than 1:6.
TECHM in rangeTechm is about to breakdown or still will be in range keep an eye on it
If it breaks range we can short in FUT
Ask me SL and Target in DM
Insta handle @queenofstockmarket
TECHM - Price on Trend line long timePrice moving along the trend line for a longer period rejecting at least 6 times and finally shoots up breaking it and once again price reached the trend line and taking support, as the expectation about he IT is long once can expect Techm also will join the party. If the price crosses the previous high there is a good chance for the stock to move up and break the ATH.
YR 2022 Idea #2: Long on TECHMThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Kiss Principle-1Trading with Horizontal LinesKiss(Keep it simple and straight)
In the chart I have drawn simply horizontal line on previous lows and highs where share price touched Max candles
These Lines will be our TGTS (Entry and Exit Levels)
Guys you have to just wait for 15 min candle break out with if you want to hold for week
For intraday trader wait for 5 min candle breakout
It has broken the level of 1485, next target will be 1456 and 1417 in next 2-3 days.
on buy side 1490 targets will be 1514 and 1550.
Happy Trading to all
Tech Mahindra - Breakout1. Price broke out from the current up trend after many rejections.
2. Also, NIFTY IT Index is strong by showing breakout from Flag & Pole pattern.
Tech mahndra Bullish Short termTech Mahindra Bullish for short term
weekly retracement in life time high indicates bullish
How to find SL levels using BREAKOUT INDICATORLearn how to determine SL levels using BREAKOUT INDICATOR.
This indicator not only helps in finding BREAKOUT trades but also helps you determine SL levels, target levels and much more. Combining with 44EMA you can take your trading to the next level.
The best part is that it works on any script, be it cryptocurrencies, commodities or indices.
Never take a SL during the first 15 minutes of market opening, as chances of reversal are high and market is very volatile during that time.
Use alerts on Tradingview to know whenever SL hits.
this is a chart of tech Mahindra.this is movement is most power full because the time is to buy and collect the profit and again to market down and sell to buy profit to tech Mahindra.
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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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
TECHM WAIT FOR LONG TRADETechm can come to the level of 1720-1730 and again candle turn in green colour go for long trade
TECH M SELL CALLBeen consolidating in a very narrow range
broke down from recent imp support and faced rejecton
rsi weekening continuesly
can see some profit booking even in whole sector
can sell 1800 call at 54 with a sl of 50 target of 30-35
in cash short at cmp with sl at 1800 target of 1:2
