Sell TechMahindra below 940Sell if it sustains below 940 on 15 mins timeframe for the targets of 905 and 880.
Happy Trading!
InvestPro India Team
TECHM trade ideas
TECHM : Fresh Algo by signalBuy for new highs target zone of 960-65 . keeping SL of 912. As per the algo : after a Cross sign , we have got a green arrow in the downside pointing upward which tells us to create a buy position.
TECHM CHANNEL BREAKOUT 30MTECHM has given a channel breakout today in 30M timeframe. After the breakout a retest in also visible. The stock is now moving upwards and one can initiate a long position for a target of 948 which is a resistance point for TECHM. SL will be the nearest swing low i.e. 920. Risk management is the key and no trade setup is 100% working. The SL comes in place when a setup fails. Happy Trading!
Tech Mahindra | Reversal Trade | bearish Parallel Channel 🎯=====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
Don't rush to buy cause range breakout is still pending ....if breakout happen then only place the order
--Buy above =910.35 or CMP
--Target = 917.35 | 920
--Stop-loss =907
--Lot Size = 1200
--R:R = 3.18
--Expected Profit = 12,000 ₹ per lot ( 1.15% )
--Expected Holding = 1-5 day only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) TechM has formed bearish parallel channel
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Range breakout Trading is happening here
4) All the possible support & resistance is mentioned on the chart
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✍COMMENT Below your view !
TECH M INTRADAY SELL Bearish candle formed in D & W chart respectively.
And making lower high Lower Low for almost 5 days.
So its a sell.
Stock from current level might move towards 895/888/877
SL 917
And if it opens above 921 , don't trade.
Keep an eye on DIVISLAB for shorting.
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TechM looks bearish!TechM finds itself in a descending triangle, forming lower highs and lower lows. A micro double top has also formed if looked closely and is now at the mercy of it's neckline, which also happens to be the lower TL of the triangle. If it breaks the neckline, one can go short below 915 and expect 904 and even 895 to be tested again in the upcoming days.
TECHM LONG - POSITIONAL (LONGTERM)long techm for a long term positional period.
It should blast once it crosses 52W high.
Buy on dips if correction happens. (at 913, 885, 879 )
Dont take any trade without consulting your financial consultants. this is just for educational purpose, i am not a NSE Registered broker or Expert in market.
TECHM 30M CHANNELTECHM is trading in a channel in 30min timeframe. It is at the bottom of the channel and there can be chance for it to go upwards to test the top of the channel. We can go long from here with a SL at the previous swing low & aim for the top of channel. It can be a quick positional trade.
#TECHM 1040 Possible but shorts have higher RR
Very long term Channel, Again a co which as per me is investment class.
But one you observe that M marked on Weekly chart has TGT achived now almost 1.272 Fib extn of last leg of M -- which is harmonic pattern. Again I do not know if that is bat or crab or butterfly.
Keen observer may see similar M on daily just near first leg of M on weekly.
Accumulation seems to be good near 50% retrace from last leg which is around 712 or MA 50 levels.
Levels are determined by chart and tools. mine is just my view which is just one of the view.
neither a suggestion nor recommendation ---
practicing charts they way I understand and sharing for comments to learn more
NSE:TECHM
TECHM Long..(New 52 week high)Above 890(new 52 week high)
Support at 799-729
weak below 729(which is recent HL)
Above all important moving average
TECHM (D)Ascending triangle breakout, at ATH,
Taking support at previous resistance,
Monthly, Weekly & Daily RSI above 60,
Looking good to enter at CMP,
SL below 848 DCB
#TECHM CASH : LOOKS GOOD ABOVE 915.10#TECHM CASH -POSITIONAL CALL
02.12.2020
BUY ABOVE 915.10
AND DIPS 885-895
STOPLOSS 875
TARGET 980/1040
CMP 908.50
