TECHM trade ideas
Long on Tech Mahindra!!Stock Broke out after showing multiple rejections to the trendline....
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Tech Mahindra ready for UpmovrAfter long consolidation, Tech Mahindra finally broke the channel and ready for upmove
TECH MAHINDRA 05/07/2023I analyse TechM using support and resistance, moving averages, price-volume analysis, anchored vwap, across both daily and weekly chart.
TECH MAHINDRA COMING OUT FROM LONG TERM RESISTANCE Tech Mahindra coming out from 1yr resistance
volume good trading above 20 ema
educational idea only
#Techm cash : lOOKS GOOD ABOVE 1160.10#Techm cash -Positiional call
04.July 2023
Looks strong resistance 1160
All Long once close above 1160.10
Stoploss 1136
Target 1240/1290-1300
Cmp 1148
TECHMAHINDRA FIRE UPCOMING MONTH not trend is bullish for long term and it already is ready to fire now
BUY TECH MAHINDRA TARGET 1400/1600IT company now get the good movement now we can buy the techm for logtime 3-6 month [/
TECHM 1DTF breakout Tech Mahindra 1dtf breakout from a nice pattern
Good to go if it closes strong today
Tech mahindraWait for the break out!!!
tech M forming beautiful pattern that has great potential when breaking out.. we have to be patient till the good candle close out of the resistance.
TECHM Swing Buy TradeBreakout on daily timeframe via trend line.
TECHM ready for a mid term swing buy trade.
Please refer the chart for the respective SL and Targets.
Plan trade as per proper Risk Reward ratio.
Note: This information is for entertainment purpose only and please do your own research and consult your financial advisor prior to taking any action.
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TECHM - Weekly AnalysisIn the Weekly Chart of TECHM ,
we can see that; trendline at 1150 has respected multiple times.
can it break this time...stay tuned.
Possible momentums are shown in chart.
But Tech Mahindra.Tech Mahindra had q great from 1800 level to 1000. This is 50 % fall from its high. Nearly one year had passed Tech Mah is hovering around 1150 to 1000 levels. Today ROC had broken above 0 line, 20 50 Dema is amvi g up and on macd had just crossed signal lines which put stock in Buy category. Target is 0.318 fibonacci level which is retracement level of fall from 1800 to 1000 k.
TechM - CashExpecting TechM will break the resistance and will make new High.
I am buying TechM at current level and hoping a target of 1270-1280 with a small stoploss at 1088.
BUYTarget 1147
good support at current level
stock down for 44% from its all time high in 2022
and consolidated for six months
Tie up with airtel for 5G
TECHM 2200 ?we can see a wave 1 - 500 to 1800 , in this wave we can see a good retracement of .618 and price is also taking support on a major trendline. AB=CD can be form
a good consolidation or a pennant pattern also can be seen .
if we sit in this trade on the sl of 900 we can definately seen a return of 100% in this script
TECH MAHINDRA Intra day buy setupTech mahindra making running flat, plan your entry on breakout of the c wave, might break the mentioned level because overall big structure in 4h is also a running flat pattern which looks very corrective in nature so price might come down after completing the overall pattern.
bullish view on Tech Mahindra 1M Chart - Long TermThe price of Tech Mahindra show up trend after having long consolidation in the range of 1000 to 1150 now its closed above the range and consider it as range break out
said break out also verified from other technical indicators like RSI & MACD which also indicates the upward trends.
TechM ReversalTechm has shown good reversal finally after result volatility is gone. It has taken suppport from demand zone and most likely to follow previous reversal pattern. 1050, 1080 and 1150 are my three targets.
