TECHM trade ideas
Short TechmShort techm between 1095-1102
With SL above 1111
For the Target 1035
R:R =1:5
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
TECH MAHINDRA.. WATCH OUTTHE RESISTANCE IS BROKEN AND RETRACEMENT HAS BEEN TAKEN
GOOD TCS RESULTS TODAY CAN PROPEL ALL THE IT STOCK PRICES HIGHER
1200 ON THE CARDS
This idea is only for study purpose. Short techmahindra when it breakdown the trend line. This idea is only for study purpose, do trade on your own risk.
TECHM ON SELL SIDESTUDY PURPOSE : SELL BELOW 1044 STOPLOSS 1060 AND THE TRAGET 1 >> 1022 TARGET 2 >> 998
TECH MAHINDRA MAY BREAKOUT OF THE RESISTANCE SOON!!Tech Mahindra , one of the IT giants , may move up soon and break the resistance level. It has retested the resistance or the supply zone multiple times, now when there is a breakout of this zone and if it is supported by big volumes , one may go long . Also, we find a bullish marubozu candle near the supply zone which indicates that buyers are strong , but one should wait for volume confirmation and then take position . The most conservative target would be 1109 level.
TECH M Looks weak !Making lower lows for 3 days.
RSI trending down.
Big bearish candle formed in d & W chart.
Short below 1045.
TGT 1021/1014
Sl 1061 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Tech Mahindra breaks long term bullish channelTech Mahindra has broken a very long term (almost 2 months) bullish channel since yesterday and has since generated good volumes as well. Look for bearish opportunities. First target would definitely be around 995 and then 940 levels in the coming weeks.
bullish BAT for TECHMbat pattern completion at 749 with AB=CD pattern complementing this zone , so potential reversal zone is around 749. and it is also supportive trend line
TECHM LONG SMALL RECOVERYTECHM INTRADAY BUY SMALL TARGETS IN THE FIRST TARGET IS BETTER FOR INTRADAY
Techm - buyBuy from cmp to 1065
easy target - 1100
tg2 - yours
Disclaimer : This is my personal analysis for study purpose not intended for trading
Long around Cmp or on dipsWith sl below 1068 for tgt of 1130-50-75.. just a view better seek professional advice.
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%
