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Tech Mahindra Limited

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TECHM trade ideas

Techm buy @1100 to 1110Day Chart/Weekly Chart/Monthly Chart It is showing that the downtrend is breakout and starting uptrend, need to first confirm @ 1100 when crossing then buy. The range of buying price is @1100 to 1110. The first target price is @1575 (43%) and the time period is 3 to 6 months. The second target price is @1839 (66% Return) and the time period is 3 to 6 months. The First Stoploss @1000 (10%) The Second Stoploss @944 (14%) The stock fundamentally strong ROE 21%, Sales Growth TTM 21%, Profit Growth TTM 13% Maintaining a healthy dividends. This idea is only for educational and training purposes. Please confirm your technical analysis then invest. thank you
NSE:TECHMLong
by mounalai
[POSITIONAL] TECHM LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:TECHMLong
by Palkesh_Agrawal