TECHM trade ideas
Trend line support - Parallel channelPrice taking trend line support and trying to break the channel pattern. Price reached the channel resistance and it is looking strong. The best time for this buy trade is the trend line support, wait for it.
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Tech Mahindra is Going to FALLLLLLLLLLLLLLLLLLLLLLLLBased on the Price action analysis we can clearly see that it is in clear down trend and created a LOWER HIGH
We can short it with very small stoploss
If it breaks upper trendline Setup gets invalidated then just ignore
#TECHM CASH : GOOD SELL ONLY BELOW 800#TECHM CASH
28.10.2020
SELL ONLY IF IT BREAKS 800 after 9:20 am..
800 Is good support ...
if opens gap down below 800...
avoid selling.
if u sell keep sl 820
tgt 782/765/752
cmp 805
TECHM short idea for intraday TECHM gave channel breakdown and also pattern looks like double top
Price is near neckline breakdown
Weak below 798 level
[Buddha] TECHM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
A NEGATIVE CHARTTECH MAHINDRA IS A GOOD SHORTING CANDIDATE..AS IT SECTOR IS UNDER PRESSURE ..TECH MAHINDRA SEEMS WEAK ON CHARTS
EASY 1-2% SHORT TERM GAINS POSSIBLE
TECHM, Consolidation from Sell Zone !TECHM moved Rs.18 on downside from the sell zone (Blue Divergence candle) before reversing.
It is presently trading in “sell on rise” zone till it breaks resistance at around 875 in daily chart.
Indicator used TE REKAB, it captures reversals in the market.
This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
PS: If you appreciate my study, pls leave a like. My funda is to keep trading simple & stick to your conviction, once you are on the right side of on intra-day trade !!
just sharing my point of view on stocks and indices.just sharing my point of view on stocks and indices. TRADE RESPONSIBLE
FMI IPO REPORT BY RAJKUMAR GUPTA FOR TECH MAHINDRATHE FOLLOWING CHART IS ONLY FOR EDUCATIONAL PURPOSE.
TechM - Bullish Engulfing at 21 EMANote: This is for educational purpose only.
21 EMA is above 55 EMA which indicates short term uptrend. 21 EMA has been acting as dynamic support previously as well.
Moreover, there seems to be a bullish engulfing on 21 EMA. RSI above 60 indicates bullish momentum.
