TECHM trade ideas
TECH M : 5G + IT Tailwinds if there is incremental spend on 5g Infrastructure Tech M will be the ultimate beneficiary( low debt + cash cow unlike other asset heavy 5G beneficiaries)
there seems to be a lot of momentum on the monthly and there will be no stopping it after a while.
do be wary of a strong rejection at the top then exit the trade.
target - 1500
Bearish on TECHM forming H&S pattern.. as BearishFormed H&S pattern based on 15 min TF.
Go short for approx 2%
Richard Wyckoff distribution bull trap 1.green box appears to signal the resumption of the uptrend but in reality is intended to TRAP uninformed break-out traders the remaining demand.
2. in phase C price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked down.
>>if these points hold true we can take advantage with good risk/reward,
we can draw a pitchfork using expanding pivots (sign of reversal) in green box.
$$ valid entry could be at upper parallel of pitchfork with stop above green box and target of lower parallel (white box)
>> i sold 1100 call option
you can also buy a put of 1100
techm selling sideHello guys i had find this selling setup in 4h timeframe which is at good resistance area and we have a good high risk to reward setup we can sell from here with the sl at above resistance and below channel tg also plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow thank you
Tech - M ripe for Break OutTechM seems to be ripe for break out once it goes above 1085 and closes daily basis
TECHM TECHM (W):- 1089.5 CMP, LOOKS GOOD FOR MORE UPSIDES :)
1) Rectangle Breakout Soon :)
2) Volume Contraction
TECHM LOOKING FOR BUYING IT'S TIME TO BREAK THE WEEKLY RESISTANCE IN TECHM.
STRONG CONSOLIDATION AT RESISTANCE.
IT'S A CLEAR SIGNAL TO BREAK THE RESISTANCE.
TECH MAHINDRA WEEKLY CHART TECH MHINDRA POLE AND FLAG PATTERN BREAKOUT , TGT 1125-1130 , SUPPORT AROUND 1035-1040
TECHM: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:TECHM
The LAST CLOSE PRICE of NSE:TECHM is 1080 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 1080. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1094 with RESISTANCE 1 and RESISTANCE 2 at 1034.4 and 997.4 respectively. The Key 50% FIBONACCI LEVEL stands at 1015 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 22.11 and 22.52 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 18.8 and 7.08 at 19.6 along with HISTOGRAM showing values of -0.8, the STATUS is clearly BUY CROSSOVER NEARING IN.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.14 and 0.03 with UPTREND as TREND CHANGED TO SELL. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1768 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 21.47 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Techm breakdown and retestThe stock break the major support (dynamic support )
we can expect fall in the upcoming day but
ill prefer to buy on dips coz its over all good company (long term view)
short term sell on rise
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TECHM - PENNANT PATTERNActually, In weekly time frame it forms PENNANT PATTERN. Expecting BOOM Action in next upcoming days. Keep in Rader
