TECHM trade ideas
TECH MAHINDRA - Upper Triangle BreakoutBuy once price crosses triangle base with strong candle and good volume
TECHM 15MIN for 11/05/2021THIS VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE , NEVER FOLLOW ANYONE BLINDLY , TRADE WISLEY !
HAPPY TRADING !
Tech Mahindra forming W pattern ready to long positionsTech Mahindra forming W pattern ready to long positions
TECHM CHANNEL BREAKOUTThe stock has consolidated more than 5days and now the stock gave a break out buy above the immediate resistance with the target 1030++
Tech M longGood close after 11 long days! Inside Bar for 8 candles! Gap up or move above 988 shall bring 1030! Ultimate booking zone 1045-1050 (harmonics D)!
buy above 988 for 1030 sl 976
TECHM High Volumes Poor ResultTECHM High Volumes Poor Result
Moving in Symmetrical Triangle
RSI (14) taking Support at 40
TECH MAHINDRAHEY
Its tech mahindra
1) double bottom
2)up trend
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TECH M Looks weak !!!TECHM : cmp: 962.2
Looks weak in D & W chart.
Sell on rally.
Sell near 980
TGT 941/914/900
Sl 986 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
TECH MAHINDRA 1D TFAt major Demand zone alongwith Bullish Harmonic on the way!
An advance at PRZ would trigger 983+.
TECHM Bull RunTechnical Overview
*XABCD Bullish pattern forming in Daily timeframe.
*Price has sharply reversed from Point D today, a bullish Harami pattern has formed on the Daily candlestick timeframe.
Volume Analysis
*On Balance Volume(OBV) divergence shows bulls have already joined the party.
*Buy on Dips. Follow proper risk management techniques.
Target 1= 985+ (for current week)
Target 2= 1020 (depends upon momentum and buying pressure in the market)
*Price may take a retracement in the current or next week at 0.5% levels.*
*Highly Risky traders can buy 980 CE/990 CE below/ near VWAP levels for tomorrow.*
Fundamentals
*Q4 results were declared in the after market hrs. today, clocking a 34.5% Y-oY growth in Net Profit at Rs. 1081.4 cr in March Quater. Although brokerages were overweight on the PAT expecting a figure of Rs. 1281.6 Cr(59 % growth).
