daily techm bearishmoving in a channel, sl 1635 its good to short,expected trgt 1425,sell below ywsterdays low,i.e 1525,additionally its bearish divergence
TECHM trade ideas
Flag and Symmetrical triangle pattern breakoutCMP: 1073, SL: 935, T1: 1230, T2: 1612
Study:
1. Flag pattern breakout
2. Symmetrical Triangle pattern breakout
TECHM | RSI + Channel breakout - Looks good for 13-15%TECHM | RSI + Channel breakout - Looks good for 13-15%
CMP : 1567
SL : 1490
Target : 1800
Almost 1:3 risk reward setup
TECH MAHINDRA TARGET ACHIEVEDSuggested buying on TechM at 1413
1600+ levels in less than 15 days
15% RETURNS IN 15 DAYS!!!
FOLLOW FOR MORE SUCH AMAZING IDEAS!!!
HEAD TOWARDS THE LINK BELOW FOR TECH MAHINDRA ANALYSIS...
TECH MAHINDRA LONGCNXIT index crashed hard in past days
Uptrend now begins in IT sector and so does in Tech Mahindra
Tech Mahindra corrected 11.5% from ATH, consolidated for few days and now began a new uptrend from a strong support level.
Enter at CMP with target levels @1475
(Added Tech M @1380 on 30th sept but forgot to publish idea then. Better late than never. 1475 levels can be seen anytime soon. Even more maybe)
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
FOLLOW FOR MORE SUCH AMAZING IDEAS.
For Educational Purpose OnlyThis is the chart of TECHM in Daily TF
Cup and handle Breakout
Entry 1580
Sl 1524
Tgt 1st 1603
Tgt 2nd 1655
Important Note: I am just sharing my view. Trade at your own risk
TECH MAHINDRA - Double bottom Breakout with huge volume1. Double bottom Breakout with huge volume
2. Volume profile POC breakout at 1450
3. Buy above 1450 on 4hr candle closing
4. Stoplose 1400
TECHM ATH BreakoutTECHM breakout of a TL making ATH now on daily chart. clb entry would be better for swing traders.
#Techm Long (14 Oct)#Techm Long (14 Oct)
Taking support around 50 day EMA. now crossed all moving averages.
Buy at CMP-1418
SL- 1370
Target- 1540, 1589
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
tech mahindra forming cup and handletech mahindra forming cup and handle.
If crosses recent high. We can expect upmove of 10 to 13%
TechM at supportTechM looks bullish from here
We may expect no further fall from this point.
Happy trading!!
NSE:TECHM LongNSE:TECHM
#TECHM formed Rounding bottom and broken the resistance with good volume and sustained above 1530 level
Above 1550 sustainability will give good momentum one can try the same level CE post confirmation.
Have a Happy trading !!
Trading setup for beginnersOne thing that is a problem for novice traders is the lack of repeatable trading setups. Manually scanning through charts every day is counterproductive. One might take a trade just for the sake of it if they do not find anything worth trading.
This pattern can be scanned very easily on charting platforms. Lack of patience is very real during early days as a trader. Having a fixed systematic pattern like this is an antidote to lack of patience and bad trades.
Whenever the market penetrates the mentioned low and doesn't follow through, one can expect a short time spike in prices that can be capitalized. These patterns tend to resolve themselves within 3-5 days and occasionally make take some time. This pattern is called Turtle Soup/Turtle Soup Plus One. If the market closes above the mentioned low on the same day, it is called turtle soup and if it closes higher the next day, it is called turtle soup plus one. I learned this strategy from a legendary veteran trader, Linda Bradford Raschke, in her book Street Smarts. The trading pattern is explained thoroughly on the chart but if you have any questions, you can drop them in the comment section.
P.S. I highlighted the most recent trade because that was the one that I took and the previous examples on the chart may look like a benefit of hindsight, but that is simply to see how the markets reacted and whether this trade would have worked out or not. Past market behavior is very important.
*Welcome corrections on the chart if any*
Simple Trade Setup | TECH MAHINDRA | 19-10-2021 [ INTRADAY]NSE:TECHM
Observations:
1) On 1 day time frame, it took good support from 50DMA and also broke 21DMA and closed above resistance range 1465-1475.
Now this range should work as support to maintain its bullish momentum.
Please refer below chart : 1day Time Frame.
2) On 1hr time frame, we can see double bottom pattern.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
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 gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
[POSITIONAL] TECHM LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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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.
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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.
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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
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TECHM : ZIGZAG CORRECTIONExpecting prices to face a resistance newar 1460-1480 zone . One should short the stock keeping SL of 1550 & look for the tgt zone of 1350-1320 area.
