TECHM trade ideas
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.
VIEW ON TECH MAHINDRAGood chart
IT stocks chart are been seen good
Target 1127/1170
Stop loss 110
I am just representing my views
For educational purpose only.
Tech Mahindra - Buying in the Demand Zone (Support Area)Stock has been in a range for a while. Idea is to build a position in the demand zone and sell at the resistance area.
Stock and sector have face pessimism hence it is a contra call trade. Follow SL with Discipline and Exit as soon as it hits.
Disclaimer - Please take positions as per your risk appetite and I am not responsible for any profit or loss.
Stock of the Week S-5Stock of the Week
S-5
Stock- TECHM
Consolidation, Inside candle , Weekly 200ema support.
TECHM - CASHWe will trade the range of Tech Mahindra.
Expecting a target of 1150-1160 with a stop loss of 1040-1030.
TECH MAHINDRA long term analysisTech mahindra , the IT giant which had fallen almost 50% from its 2021 highs has been consolidating in a range from 1150 to 1000 levels for more than 300 days , any breakout on either side will give huge movements on either sides , on upside if theres breakout the stock can test 1400 levels (20%) , on downside if theres a breakdown a big fall is possible towards 800 levels(20%) which is a major long term support for the stock and one should not be missing the chance to buy this stock for long term at 800 levels if comes
PS: All the levels are derived from Fibonacci and Harmonic patterns and very very strong support resistances
TECHM long indication on chartsTECHM long indication on charts
Gave a good support and currently near the support levels. If gives good upmove with volume then we can see 1220 + levels in near term.
No recommendations, just my view based on charts.
TechMahindra Creating Strong Consolidation , Look for entry TechMahindra Creating Strong Consolidation , Look for entry on either side of breakout or breakdown.
Go Long above 1170 or reversal at 938.
Go Short below 938 or 1170 .
To short at 1170 Look for 15 mins M Patterm
To Short Below 938 Look for 15 mins candle close below 938 and low break
To Go Long at 938 Look for 15 Mins W Pattern
To Go Long Above 1170 let it breakout and retest at 1170.
TECHM, BEARISH, TARGET 900Tech Mahindra (TECHM) looks bearish with formation of Head & Shoulder Pattern. Target 900.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
TECHM nearing long term support levels!TECHM is nearing a very important long term support level, if it holds we can see a massive rally. Otherwise expect the range to get narrower until a breakup or breakdown happens.
#TECHM downtrend movement potential with risk:reward ratio 3.8#TECHM downtrend movement potential with risk-to-reward ratio 3.8
Symbol :TECHM
Time frame :4 hours
Analysis:Moving average 6 is below MA 20 && MA 20 is below MA 40.Break out from a symmetrical triangle on a down trend side. SO,we can expect a target up to 900 .
Sell call details : SELL below 1000 with stop loss 1037 and We can expect first Target to be 940 and second target is 900.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Time to be cautious on Tech MahindraTech Mahindra was trading in a range from couple of weeks.
But from last few days, we can see weakness.
Its now at the critical juncture of bottom trendline of the channel, and any close below this channel can take the price levels max to 560.
There will be various intermediate supports where it can take a support and retrace back also.
So if anyone is holding this script, should be careful and should have an exit plan in place.
Support Slope broken.Since the Stock is keep on Trading the below 38% Retracement levels, more over the long downtrend doesn't show any bounce back when warrented.
Weekly chart shows that the stock is set for the fresh down trend once the bottom of the support broken.
TECHMHi guys, In this chart i Drew My Best Levels in TECHM for Long position using 30M Time frames.... I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
TECHMTech Mahindra after consolidation and breakout from said range it ready to launch itself upwards
intradaywe can sell on resistance zone or we can buy in breakout depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
TechM may consider for BuyH & S Correction is almost over (It is not necessary that after H & S correction, it may move up)
After the present market corrections, one may consider for entry
Also note that it is already retraced 61.8 % from the top and is started to move up ( A normal concept only)
Present RSI is 45.3
Two expected targets for short / long term is given.
Disclaimer: It is not a recommendation. Study yourself before any entry.
TechMPrice is at the trend line support. Buy above 1070 with the stop loss of 1055 for the targets 1085, 1096 and 1114. Sell below 1040 with the stop loss of 1055 for the targets 1025, 1006 and 988. Trend deciding zone is 1040 - 1060.
TECHM swing trade viewdisclaimer: This is purely educational purpose. I am not responsible for either of your losses or gains.
Looking bullish, respecting trend line and above the 20 EMA. Can go long at CMP with target of 1230 then 1380 with SL 1050
