USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
JAIPRAKASH ASSOCIA, SOUTH INDIA BANK, ADANI POWER LTD, RELIANCE COMM LTD, DEWAN HOUSING FIN, SUZLON ENERGY LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
See if you can see something in this.. i have kept it hidden !! above black line , i will initiate my trade and be wary of any traps to come .. if not then beast will be unleashed.
There is clear distribution seen in Tech Mahindra daily charts with clean divergence on RSI,
As we can see on chart there is very good support around 720 levels which was earlier a strong resistance, also volume has spiked up recently during last couple of down days.
TechM has been very resilient recently and despite the steep fall in Nifty we haven't seen much ...
I see some sort of correction in it sector to balance the one way rally ... but the correction will again get over soon looking at the earning season into picture as well as the usd inr depriciation will generate better revenue story for these stocks like tcs infy etc
Buy TECHM above 711 (for aggressive traders only)
Techmahindra is at multi year support level as well, supported by the nifty support.
Target: Take some at 715; next at 740
(One should notice.. If nifty slips further, which is though a bit unlikely to happen now, these stocks may crack below their strong supports as well.)
09 OCT 2018
INTRADAY TRADE ONLY
GOOD BUY ONL ABOVE 705
& DIPS AROUND 701-702
(718-724 ZONE IS VERY STRONG RESISTANCE)
Watch out for TechM break above 766.
Waiting for Flag BO. If BO done 100 points move expected
Buy TechM between 760-756
27 SEPT 2018
SELL ONLY BELOW 737 SL 746.25
Weekly close above 750 can see Target of 950 with Stop loss at 700
Tech M looks bullish above 774
Buy after 30 min Candle close above
yellow trend line.
Targets- (785.4, 793, 799.1)
Short Term Outlook - October - Unless there is channel breakout, profit booking can be seen.
At Resistance Zone.
Looks Weak Below EMA.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
(09 SEPT 2018)
TECHM CASH LOOKS GOOD ABOVE 780.1
& DIPS 776-777 SL 772