TECHM 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
there is no clear cut direction for the nifty and trade with caution
TECHM Weekly chart - The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas...
Ready for 1073 Bottom confirmed ICMC Breakout done
#Techm cash -Positional call 16.01.2023 Looks good above 1040.10 Stoploss 1015 Target 1065-1070/1115-1120 Cmp 1035
Price is moving between support & trend line resistance. Sustaining above the trend line is important to be bullish. Buy above 1018 with the stop loss of 1005 for the targets 1030, 1044 and 1062. Sell below 994 with the stop loss of 1006 for the targets 982. 970 and 956. I will take entry after understanding trend strength only.
TechM 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
A 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...
The volatility is now reducing and price is forming an ascending triangle pattern. So far breakout is pending on either side.
TECHM is forming a double bottom pattern. With a base of 985-988. Although it broke the triangle pattern yesterday and fell down. Overall two patterns are contradicting each other.
It is dropped nicely in 15 mins and Triangle pattern falilure in upside so expect further drop in price today and expecting risk / reward as 1:1 we can enter with minimum quantity on this trade. SL , Target , entry mentioned in the chart
Very meaningful downtrend looks like and targets are as mentioned in the charts and this is valid for upcoming week only
Techm looks very weak below 993. It has taken continuously 3 days at exactly 993. breakdown of 993 can give fast momentum till 985 and 975. Pls note I am not SEBI certified advisor, please take advice of your financial advisor before taking trade.
TECH MAHINDRA has formed a inverted head and shoulder pattern in chart in 2 hours time frame. looking good for buy but stock yet to give breakout. take entry after candle close above 1030.
Swing trade opportunity in TECH MAHINDRA. Entry - 1023.80 Target - 1120 & 1166 DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose.
only invest if u believe in the company i was waiting for a long time to invest in this comapany my targets on techmahindra are for two years