TECHM trade ideas
TechM short ideaLevels are given clearly on the chart
Disclaimer: This is not a investment/trade recommendation
TECHM ready to goTECHM Good pattern view.
ready to move
post is for study purpose
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Watchout for Resistance breakoutThe stock gave trendline BO and looks good above resistance level of 1000 for more upmove
TECHM SHORTTech Mahindra formed a triangle pattern and broke down yesterday, It is about to break another important level and 200EMA. Check ADX on 5min time frame and the NIFTY IT sector, If the market is bearish a short could be implemented with either pivots, or given Fibonacci Pivot levels
Tech Mahindra - Trendline Break-outStock has broken Trendline and is sitting at resistance zone. If stock sustains above 972 tomorrow it can touch 992 tomorrow itself
Techm Buy when crossed the level techm the 919.30 level was previously support. now its breached, when it break this level from bottom and took one more time support here we can go for buy
double correction wxyit appears from chart that it is in the last leg of y target for y where y wave can retrace up to 100% or 0.786% target is 886 & 851
[Positional] TECHM [1D]Forming Doji at support line.
Trade possible in either direction - to be initiated on break of PCH or PCL.
TECH MAHINDRA BOTH VIEW TRADE ON YOUR RISKBUY ABOVE 1014
BUY TARGET 1028 THEN 1077
SELL STRONGLY IN BEAR MARKET
SELL ORDER MENTAIN IN CHART
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