TECHM break current trend line. NSE:TECHM consolidating. For a long term basis its a perfect spot for buy position.
if the candle stay above 1142 buy. It broke the current trend.
All companies are firing their employees so a short sell can also be expected.
If so place the target above 850. Its a huge support
TECHM trade ideas
Tech MahindraTech Mahindra breakout or breakdown level
Tech Mahindra is an Indian multinational information technology services and consulting company. Part of the Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai. Tech Mahindra is a US$6.0 billion company with over 158,000 employees across 90 countries.
TECHM NSE:TECHM
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Tech Mahindra: Long position: weeklyTech Mahindra taking support at 61% fib retracement. If a reversal is to happen, this is the right place and price to enter in. RSI is low and MACD also showing low values. Plan to enter the trade when the price closes above the recent high (1156).
Entry : 1156
Target : 1830
Stop loss : 920
P.S: Posting for learning purposes only. Please let me know if you find my analysis wrong.
Have a good day
NSE:TECHM
Tech Mahindra With A Double Bottom??Tech Mahindra has formed a beautiful double bottom with a high volume confluence and a valid shakedown which increases the probability of the trade in our favour
It is currently resting under the 50EMA,
A break of the 50EMA and high marked in red
could see a potential to the upside with targets
1150 and 1250 for a longer trade.
Stop loss below the pullback near neckline should
suffice
Tech Mahindra Long NSE:TECHM
TechMahindra Looks Good for long position of one to two months , Target , SL shown on chart.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea for training and education purpose. not an trading or Investment advice. Consult your Financial Advisor before Investing.
Tech Mahindra LTD - Trendline + Descending Triangle Breakout 📊 Script: TECHM (TECH MAHINDRA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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