Tech MahindraThis is looking good, seems it had completed its consolidation phase and now getting ready to enter into mark up phase.
The shaded area is sl area as per appetite.
TECHM trade ideas
intraday H&S Pattern both side potential
wait for box breakout
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
intradayboth side potential
wait for box breakout
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
Tech Mahindra > Tech Mahindra
> Support area - 980/990
> Good above trendline support
> keep an eye on it
#TECHMAlready stock boomed in 2days and again at make and break level, watch chart for support and resistance.
Tech Mahindra - Target 2000+Chart prediction is on Monthly charts and long term view if it follows this pattern
Similar to Wipro even Tech Mahindra is probably making diamond chart pattern.
The Fibonacci retracement support is taken at 78 percentile and consolidating since couple of months.
The Long term target in 1 to 1.5 years is 2000+
Go long once the stock closes above 1165 on monthly basis.
Stop Loss is 940 on monthly closing basis.
ResistanceTechnical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Script = Tech Mahindra
Time Frame = 1 Day
TECHM Breakout in W timeframeGiven break out in weekly time frame
Good to go above 1153 if sustain
First target will be 1300
Second target will be 1500
Stop loss will be 1038
Shooting StarA shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = Tech Mahindra
Time Frame = 15 min
Swing trade Good opportunity to find huge returns, it's a volume support upside momentum,best entry time for tech Mahindra near return may be 1300 with SL any candle close below current candle
TECHMLong - TECHM.
Currently TECHM is trading at support around 950-1000 Zone, Master candle as created Chart at support and Stoploss 950.
Long April Futures and Stop loss - 950.
Target - 1150-1200.
TechM breakout on daily timeframeAs we can see techm breakout on daily timeframe with high volumes. After the retest it will be ready to boom on the long side.
I'm bullish on this stock
What's your opinion?
Happy trading.
TECH M Descending triangle TECH M
Time Frame = Day
Pattern = Descending Triangle
Pattern Type = Both Side
TECH Mahindra W pattern in 1DTech Mahindra is in a W pattern in the daily time frame, with support @ 1000 and a target of 1660 NSE:TECHM
TECHM Rangebound.. Good move coming up1024 should be level to watchout .
Below 1024 and if it breaks 1000 and closes below it on daily chart then expect a good downmove..
Above 1024 expect the price to towards 1060. A close above 1060 and we can see some good short covering.
NOTE: NIFTY IT is giving a breakout.
LETS HAVE CUP OF TEA WITH TECH MAHINDRATECH MAHINDRA has formed cup and handle in daily time frame. Its a bullish pattern, techm travelling near 52 weak low its good time to invest in tech mahindra and its good fundamental company
TECHMTECHM
AT Pitchfork Resistance
Breakout may bring in trending moves.
If bought can be held with SL of 930
Small dips around 980 can be used to buy as its presenting decent risk to reward
Educational Price Action AnalysisTechM is trading in a tight range since last 9 months, if it crosses its Quarterly EMA 20 i.e. 1120 then it can go to next reistance area i.e. 1360. SL 985
