TECHM trade ideas
TECH MAHINDRATECH MAHINDRA ....
1 - forming cup and handle pattern
2 - near to BO box pattern
3 - good volume
4 - bullish ma crossover
5 - 50 ma support
TECHM- Short Term: Bulls Counter attackTECHM- Bulls Counter attack , upward trend as long as it sustains above 1024 on closing basis. Potential targets 1093 and 1220
techm BAT tech m BAT with head and shoulder ...wait for the breakout and retest for the above mentioned targets
TECHM Long Term Looks Good on chart
Accumulation after downfall at good support level
looks good for upmove
Only for educational purpose.
Tech Mahindra for Short TermChart -> TECH MAHINDRA Daily
After a brief downtrend, Tech Mahindra has given a double bottom breakout with a volume pop-out.
CMP: 1032
Target: 1100
SL: 1010
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Tech Mahindra taking support on long term trend line.Tech Mahindra is taking support at long term trendline for a positional buy.
Also, has tailwinds viz. 5G theme, DII buy, increasing dollar.
Disclaimer : Being published only for educational purpose. Please do your own research. You're responsible for your profit or loss.
3 Swing ideas and Index price action for 21 july I daily make educational content videos on financial markets
TECH MAHINDRA -1W - chart analysis ONLY FOR LONGTERM
TECH MAHINDRA - completed the head and shoulder pattern - now market take support - may reach fib retracement golden level @ 1497
Tech Mahindra - 19th July 2022Stock boucing off support levels 985 - 950.
Bulls can try pushing prices higher from here as long as these levels hold.
TECH MAHINDRA_WATCH FOR BREAKOUTTECH MAHINDRA moving Downtrend channel. In between seems bullish pennant flag pattern formation in 4hrs chart. keep concentrate for breakout. If price breakout, the pattern will activate. Then it will move towards resistance. Refer upcoming Targets.
STOCK ANALYSIS: TECH MAHINDRA TREND REVERSAL MAY HAVE STARTEDGood evening friends, trend reversal might happened till its above 980 bullish can show good move in short term. Our horizon one month target 1060.
Bounce or Breakdown? Tech Mahindra is at its previous Trendline resistance zone and it remains to see if it can make it a support now.
A breakdown can take it lower to dotted black trend support levels.
Considering the strong quarterly results by Accenture as well, and good Margin of Safety here, one can accumulate slowly.
PE levels are near historical 10 year levels and a good quarterly result can trigger an upside.
Not an investment advice, only for research purpose.
M&M good to buy at 950 M&M forming double bottom good to be buy at 950 and more quantity when 1050 is broken a good investment for long term and good targets and returns
TECHM is an attractive buy ideaThe stock has corrected a lot and reached a key support level........with a slew of confluences in the form of white pitchfork median, 127.2% fib.extension, AVWAP(GREEN) and 200 W MA...........
Expecting a temporary bounce back in TECHMTECHM is at important zone of support. Awaiting for a little retracement above 1055.
Tech maindra longterm tech maindra near bottom this area candle confrimation complete all correction
NSE TECHM: Multiple Timeframe Analysis ---------- Timeframe: Monthly----------
After making an all-time high(ATH) in 1838 , prices have started collapsing to correct the previous move.
The fair value area has given two resistance on the upper band, and four supports on the lower band of the channel. Excess is showing that sellers are very aggressive with their inconvenience levels.
Key Level clusters:
1) 995:
- Fibonacci level of 61.8%
- A lower band of the parallel channel
- Monthly support level
2) 764:
- Fibonacci level of 78.6%
- Monthly support level at 747
These are Strong reversal zones for tech Mahindra. If the price takes support at this level, we can see an impulsive move in upward direction. Breakout of the channel will lead to 2nd key-level and more bearish.
---------- Timeframe: Weekly----------
The weekly timeframe gives information about the bearish atmosphere. Price has formed head & shoulders on the weekly timeframe.
Supply pressure has broken down the neckline with a retest at 1302 . H & S target measurement says that price can fall up to 955 .
(Base scale: distance from head to neckline)
---------- Timeframe: Daily----------
After creating a high of 1838, the price has to fall for the corrective phase. Price has completed the corrective wave (B) and started occurring wave (C) of the correction phase.
We are clueless about trend reversal because the price is out of the parallel channel.
If the price sustains below the lower band of the parallel channel. Traders can trade for the following targets: 1064 - 1006 - 995 .
Please note that 955 is our monthly support level, so we can also initiate the buy position when the price sustains above it.
The entrance of price into the parallel channel may lead short-term bullish perspective.
I am not admire falling knives. If the price enters the parallel channel, traders can buy for the following targets: 1180 - 1234 - 1299 . Trend change is unacceptable until the breakout of high of wave 4 of lower degree.
I will upload further information soon.
