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.
Trend Analysis for Tech Mahindra : Will it cut the support or bounce back and go bullish ?
Tech M is at a very interesting level at the moment. It'll be crucial to watch which way it moves from this zone between 1305 and 1318 levels. If it breaks downwards, which in my view it would considering the volumes, then we can see a bearish setup with the 1280 and 1262 levels being tested. If by some miracle it breaks out of the zone in upward direction, a...
In the Weekly Chart of TECHM , we can see that; it has created a Halt candle after retesting the Cup & Handle breakout. Enter on breaking its high with low as SL.
Downtrend line breakout with gap up market and then bullish pattern to BUY
Wait for bullish sentiment in this 1300 level. then place your trade to reach 1475.
📊 DETAILS Sector: IT Services & Consulting Mkt Cap: 129,441 cr Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. TTM PE : 35.97 (High PE) ...
Tech Mahindra is making a really interesting and clear price action. 1. 2022 to mid 2022 - Lower high lower lows 2. mid 2022 to mid 2023 - yearlong box consolidation 3. Fakeout in July 2023 4. Real breakout in August 2023 5. Retest in November 2023 6. presently in higher high and higher low. If you are interested in investing(long term) in IT sector, this stock...
for intraday stock looking good above 1401 see the price action stock face 3 times resistance on same level 1400 first time seller push the price lower level 2nd time seller unable to push price at lower level and 3rd time same price hold higher level means buyer is strong once price trading above 1400 seller will trapped new buyer is enter price will boom NOTE:...
its a cup and handle pettern and also good volume . and alredy niftyit breckout
techm price action showing strength create support and making higher low looking good above 1246.50 for intraday trader always trade with stoploss follow risk management stay positive keep patience believe yourself NOTE: only for educational purpose
Chance for 1100 let's see, TECHM is consolidating almost a year and it was broken and testing the support. It was forming double top I think. we can enter if we get this for cheap.
Tech Mahindra seems to be going down,if the position which I have given is activated, it will give you a very good written on invest.
Stock is trading near strong BO zone, may go to test it's first hurdle, monthly TF used for this chart, so follow entry and exit levels accordingly.
Positive crossover of MACD, Bullish RSI with cup and Handel formation, assets breakout above 1300 with strong price action and volume, can look for 1300 ce Jan and 1360 ce Jan series. LEARN AND EARN, Thanks