TECHM trade ideas
A good Swing Trade hopefully! Sellers are gradually losing control and buyers are slowly getting stronger and with some indicators, it confirms that upside rally has started and I've hopped into it!
TECHM | One more flag pattern from Mahindra groupTECHM | One more flag pattern from Mahindra group 🙂 Flag consolidation is not so strong and monthly time frame shows a resistance. Hopefully we will get some time for accumulation before the breakout.
(Attached monthly pattern chart in comment section)
CMP : 876 (Any dip till 820 is a great buying opportunity)
SL : 810
Target : 950
India's Elon Musk and Celebrity CEO gave lot of opportunity through M&M, M&MFIN and now through his IT.
Cup and Handle FormationThe stock is making a cup and handle pattern. Watchout for handle BO above 860.5 level.
Bearish sentimentIf open gap down and close 10 min candle below 856 trgt will be 846
If gap up and close above 869 tgt will be 872, 876,882 and towards all time high
Depending on market sentiment
#Techm cash : looks good sell around 872-875#Techm cash
25.11.2020
Sell around 872-875
stoploss 882
target 862/852
Cmp 856
TECHM REVERSAL - VSA + Volume Profile [Swing Trading]Short Tech Mahindra at CMP (851)
SL - Exit if Day's close above 874
Left steamSome steam is still left in TechM for 920-940. This is the zone where profit can be booked if someone is in buy.
Disc : It's not an advise to buy or sell
looking strong and having breakout.looking strong and having breakout. target is 920 sl 865 cmp 886.
#TechM looks good for short time long up to 880🤞🏻Traveling in range bound, it touched the support and gave reversal. Good for short term long will see🤞🏻
A beautiful Trend line in Tech mahindra(1hr time frame)....Wait and watch for breakout or bounces back from trendline...
#TECHM seems to be bullish only above 846If the scrip sustains above 846 then it has possibility to move towards 868/78/86 levels.
Regards
