TECHM trade ideas
TECH MAHINDRA - DARVAS Box and Negative RSI divergenceNegative Divergence is seen in the weekly chart of Techmahindra. So trade carefully in upcoming days.
TECH MAHINDRA 1D TFTECHM is a Large Cap company operating in IT Software sector.
Rangebound for almost half a year.
As per technical's, Bearish Harmonic pattern in play.
The last candle, seems to be taking support at fib 0.236 level.
Similarly, It got rejected at Point D of Harmonics, The price might stall or reverse.
If Point D breaks out, The next levels to eye on will be 1044 and 1073 for reversal.
Short term fluctuations can be anticipated as the trend will further move towards the resistance of the range.
Tech M - ready to moveFlag pattern in tech m.
Would be buy signal above 1060 closure weekly basis.
Stop loss below 1030
Target 1190
Not sebi registered
Use your discretion
Watch for close above 1075 can show good upmove.NSE:TECHM Can go long above 1075 for 1250-1500 hold with SL of 940.
TECH MAHINDRA bullish Best buy 1000-1020. Hold it and SL is mentioned. Must see related posts too guys
Tech Mahindra, 26 May 2021 - Intraday SetupTech Mahindra can be used for a good short set position depending upon the price action. The closing price today (25 May 2021) was at a very interesting point. At 15 min time frame, it closed below 50 EMA but took support from the trend line. Short intraday position can be taken if a 15 min candle closes below the trendline with a target till 200 EMA and stop loss just above the 50 EMA.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
Tech Mahindra For education. You can paper trade 1300+ 180 days... go long.. guys PM IF YOU NEED ANY HELP ON CHART ANALYSIS... FEEL FREE TO TEXT
Break Out Very Soon very very soonR1 at 985 and next R2 at 991 and if it breaks both then it will go way up. immediate support at 969 next support at 950, be ready for breakout sooon very sooon
Buy at CMP SL 865MACD CROSSOVER , VOLUME LOOKS GOOD , RSI MOVING UPWARD , 860 MAIN SUPPORT , TARGET 4/5+%
Tech Mahindra - Trendline Break-out | 20th MayStock has risen from support after forming double bottom.
Buy only if breaks TL and sustains above 986 for targets of 992, 1000
in a range of 950 and 975 range betweeen 950 and 975, as far 950 strong support if it breaks 950 good downwards momentum will be recorded, first resistance 975 and second resistance 994.50,if it crosses 994.50 good momentum expected to 1022 and 1050.
