Short TechM Short TechM for target of 1680 next week
Next month 1624 another support level by mid Feb
TECHM trade ideas
TECHM - Pullback on cards?Getting rejected at the 200 Period EMA on Hourly (50 EMA on Daily). No long trades until and unless we close and sustaining above this level decisively (at least 2 60 minutes candles)
On Daily TF, ending formation is seen at the top.. A decent pullback can't be ruled out.
On larger TF, price seem to have one more leg up on the upside to complete the 5th..
Wait and watch game.. I would consider going long around 1500-1550 zone as RR is much better at that price.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
TECH MAHINDRA - Good formations | Bullish OutlookPrice Analysis & Overview:
1. Prices are in uptrend. Forming HH-HL.
2. 1500 can be an immediate hurdle.
3. RRR is okay, but there might be chances for a better entry price than CMP on a pullback.
4. Good volume strength.
5. Expecting ATH breakout.
Trade Plan:
1. ENTRY = CMP (1430)
2. SL = 10 % (1300)
3. TARGET = 1:2,1:3,1:4
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TechM Trade AlertTechnical Analysis:
Trading Above 20 EMA : good for short term
Trading Above 200 EMA : goof for Positional as well
Take reversal from support few days back with good volume
After Breakout from channel take support of channel as well
Good Volume
Trading Setup
Buy if dont go negative on open at cmp
Target would be :1750-1800-1850
short Term SL would be : 1675
For Positional trade SL would be : 1630
Excellent Shorting Opportunity in TechMTechM has consolidated under a Range for Quite some time and is expected to give break down.
Refer the Chart for More details.
Tech Mahindra view for Intraday 13th Jan #TECHM
Tech Mahindra view for Intraday 13th Jan #TECHM
Resistance 1720 Watching above 1723 for upside movement...
Support area 1680 Below 1700 ignoring upside momentum for intraday
Watching below 1677 or downside movement...
Above 1700 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
TECHM - Range Breakout!Reasons to enter trade
----------
1. Price consolidating in a range for more than 3 months
2. Price sustaining above the range.
3. Price gets rejected from below the support line & immediately starts trading above the range again, indicating strength
4. A small trendline breakout given, triggering the entry
-----------
Entry - 1694, SL - 1626, Tgt - 1827, RR - 1:2
-----------
Disclaimer : This is NOT a trade recommendation, but my opinion. Please do your own analysis before entering any trade
Techm #intraday ideas Techm huge sell off activates below 1760
if opens gapdown then will reverse first and again will get sold.
Breakout is one closing above1790 in hourly tf and break of high of candle close.
consult your advisor before trading.
TechM ready for long term...TechM is going to retest its high of 1837 and if it breaks it , it will have expected target of 2650 in coming 1 or 2 years. Great time for investment, rounding bottom is completed.
VIEW ON TECH MAHINDRAGood chart structure
Stock closed above its previous 3 days highs
Target 1720/1750
Stop loss 1665
I am just representing my views
For educational purpose only.
Long on TechMBased on multiple time frame, Weekly company still have Momentum where RSI > 60, whereas in daily chart it has been corrected, & RSI moving up.one can expect good short term movement. with Stop loss of 1590 & target of 25-30%
Medium term trading opportunity in Tech Mahindra for > 15% upsidHi,
NSE:TECHM has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
VIEW ON TECHMAHINDRAGood chart structure
After range breakout in previous week stock again retested its upper level
If it crosses yesterday's high more up move possible
Target 1785/1820
Stop loss 1710
I am just representing my views
For educational purpose only.
TechM--Breakout and retest
--dravas box
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if needed
Tech Mahindra looks good to me with good Risk RewardTech Mahindra looks good to me with good risk reward ratio, one can take pantar with such a small stop loss.
SL: 1577
SL Percentage: 3.15%
TECH MAHINDRA There is two scenario possible to go higher high. we need to wait fill the volume imbalance then, we will go for as per scenario
Tech Mahindra Ltd view for Intraday 3rd October #TECHMTech Mahindra Ltd view for Intraday 3rd October #TECHM
Buying may witness above 1644
Support area 1620. Below ignoring buying momentum for intraday
Selling may witness below 1599
Resistance area 1620
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Conformation on Daily Charts.NSE:TECHM Conformation of Daily Charts of the Below Analysis.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Tech Mahindra Monthly Expiry (Short)Tech Mahindra can correct itself due to following technical reason:
1) DoubleTop Formation/ M pattern
2) Swing low are broken
3) On Daily chart trading below 20 EMA
On Hourly chart trading below 20 & 50 EMA
4) Tried breakout yesterday failed today marubozu
seller on daily candle representing seller's in
control
5) Can correct further since it's breaking channel.
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Retesting it's Breakout and About to Break Major Levels NSE:TECHM is retesting its resistance on a weekly timeframe, if 1530-1574 is sustained it can easily go to ATH Levels of 1838. Keep in Radar
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
TECHM / DAY 12 /26 SEPLong/1605
Target/1627
Sl/ 1599.4
Follow for more.
Trading involves risk trade carefully.
Going To SHORT As per analysis, it would come to marked line ..
please beware before buy CALL option or future
