A beautiful Trend line in Tech mahindra(1hr time frame)....Wait and watch for breakout or bounces back from trendline...
TECHM trade ideas
#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
TECH MAHINDRA (Intraday & Swing)Both for Intraday & Swing. Tech Mahindra has been consolidating for a 2-3 days. It can give a breakout either for long or short. No Trade Zones has been given, if it breaks either of it, it will give good targets.
Stock Analysis of Tech MahindraPrice - ₹840.15 Dt. - 15-11-2020
Price is near to the support/resistance line. Price made bearish Doji showing the stock can correct till ₹815 near 50DEMA. RSI is neutral and from last few trading sessions the stock is witnessing less than average volume. Buy call will be activated after the expected technical corrections and after the volume start coming.
TECH M ANALYSISDOW THEORY IS CLEARLY VISIBLE IN THIS STOCK. WELL ENTRY COMES IN AFTER THE HORIZONTAL LINE BREAKOUT BUT ITS GOES FOR SWING. BUT IF TOMORROW YOU THE PENANT PATTERN IS BREAKING UPWARD THEN YOU CAN GO FOR 1:1 OR YOU CAN TRAIL IT TOO. BCUZ BULLISH MOVE IS STILL LEFT.
TECH MAHINDRA (Intraday & Swing)Missed this stock. Had we been 2 days before, we would have taken a good profit from this. But there's still some hope. It can still reach it's 8th October high and might even break it as the IT sector is positive.
Tech M Range bound till this year
if break all time high in this month with volume support then Target will 920
for myself study purpose not for trading
Tech mahindra stock to be taken for long entryTech M in bullish mode on all TFs. Long entry to be taken above 855 for the target price of 880 & 900 with SL of 819. 3:1 reward to risk ratio. All ideas shared is for your educational purpose only.
TECHM Long idea for Intraday (Monday) TECHM gave Trendline BO (Red color) if this going to Break resistance that 857.50 then will be good upside move towards (768-770)
