TECHM trade ideas
Add TechM to your watchlistThis scrip is in an uptrend for a long time and now it had given a breakout from a small rectangle pattern, there might be a upside move in this scrip in coming days after a pullback as this scrip is above Upper BB there might be a reversal to 21MA
#TECHM Cash : Looks good around 1500-1510 SL 1420#Techm cash - Positional call
22 sept 2021
Buy around 1500-1510
stoploss 1420
Tgt 1750/2000
Cmp 1513.60
Make or break - ATH till ?After a very sharp uptrend movement, stock is consolidating sideways for a long time.
If a major resistance is break with high volumes we can see further upside movement for the ATH.
If a major support is break with high volumes we can see further downside movement.
DESCENDING TRIANGLE IN TECH MAHINDRA ( ANALYSIS OF TECHM )A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower
How to Trade a Descending Triangle
Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. The upper trend line resistance also serves as a stop-loss level for traders to limit their potential losses.
KEY TAKEAWAYS
1. A descending triangle is a signal for traders to take a short position to accelerate a breakdown.
2. A descending triangle is detectable by drawing trend lines for the highs and lows on a chart.
3. A descending triangle is the counterpart of an ascending triangle , which is another trend line based chart pattern used by technical analysts.
Rectangle Break Out Done!Rectangle Break Out Done. Pattern Target 1560+. Most probably be achieved tomorrow.
Tech Mahindra LongNSE:TECHM
After 1 month TechM seems to be getting out of a range. There might be a restest at 1480-1490 levels and might go till 1575-1600
TECHM - Pole and FlagTechm Pole and flag breakout in daily chart. Looks good for swing trader SL below the accumulation range.
Tech Mahindra#techm
Timeframe- 4hr.
Tech Mahindra was stuck in range last from 23 aug to 21 sep almost a one month and today it had given the breakout from the range in upside direction so the bulls have won the battle.
Study purpose only.
TECH MAHINDRA tech mahindra is consolidating between these two horizontal line if it break out than go loge it will give you a good target
TECH MAHINDRALooks like it's holding upper levels, but I think it'll crash - low risk high reward, just my view, refer chart for entry exit and Sl levels, thankyou
TechMIt's consolidates in the same range frome 20 days. If breakout the rang (when closed a candle above the line ) may be a big move.
Buy or sale, when breakout, with suitable stoploss.
Stoploss=5-6rs
TECH MAHINDRA TRADE SETUP FOR TOMORROWTech Mahindra Share consolidating after a good upward momentum.
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We can see the continue upward momentum once it cross 1480,
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Our short term target is 1520.
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What's your view on this comment below in the box.
TechM Flag formationNSE:TECHM
Buy only closing above 1505
SL closing below 1400
T 1545, 1590, 1640, 1700
Intraday and Swing Trade: watch for range breakoutbuy above 1481 in Intraday and Swing
for Swing keep target of 1550 and stoploss at 1400(lower levels of range)
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
TECHMBuy on Breakout
Stock is consolidating in Channel Pattern
As IT Sector is bullish, so it is preferred to be bullish in stock Too.
Keep a trailing SL
TECHMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
