NSE:TECHM
Trade Setup for 07-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or...
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Note: Don't trade without stoploss because risk management is the main key in trading.
Disclaimer: I'm not responsible for any loss that you have made from this post. Do your own research then invest.
Price retested support recently and it happens to be 200DEMA, with the confluence of both strong support and 200DEMA it should be very less probability that price will break support and bounce might come from there to push the price to resistance at 1472.
Not a recommendation to trade
NSE:TECHM
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
Question on TECH M
Stock is near support zones of 1410-1370
If market support this is giving a decent level for going long in the zone with SL around 1355 on CLBS
![TECHM: Simple Trade Setup | TECH MAHINDRA | 07-03-2022 [INTRADAY]](https://s3.tradingview.com/4/4IMQu6E5_mid.png "Simple Trade Setup | TECH MAHINDRA | 07-03-2022 [INTRADAY]")
