TECHM - CUP AND HANDLE PATTERN DAILY CHART The stock has formed CUP & HANDLE pattern
on the DAILY chart.
One can enter above 1589 with a strict
Stoploss of 1531
Target 1 - 1629
Target 2 - 1670
Target 3 - 1700
Target 4 - 2150
#SWINGTRADE
#FUNDAMENTALLY STRONG STOCK
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
TECHM trade ideas
TECH MAHINDRA 1HR INTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
TECH MAHINDRA Looking good for Downside..
When it break level 1472 and sustain.. it will go Downside...
SELL @ 1472
Target
1st 1461
2ND 1452
TECHM JUN FUT – LOT 6 (Qty-3600)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
TECHM - Weekly AnalysisIn the Weekly Chart of TECHM ,
we can see that; it is about to give Cup & Handle breakout.
It has created a Halt candle near resistance. It might halt for one more week as a respect to the resistance.
Enter on breaking the Halt Candle's high with low as SL.
Expected momentums is shown in chart.
TECH MAHINDRA 1HR- EARN WITH ME DAILY 10K-20K -
TECH MAHINDRA Looking good for Downside..
When it break level 1286 and sustain.. it will go Downside...
SELL @1286
Target
1st 1283
2ND 1278
TECHM MAY FUT – LOT 6 (Qty-4200)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
DIRT CHEAP | IT STOCKS | TECHM | BULLISH TECHM is trading below long time support/ trend line and is expected to retest previous highs given IT industry needs to bounce back as it forms the back bone of banking and other tech related sectors. BNF & NDX are near record highs. hence it should be a just a matter of time when this bounce back happens. Time to take delivery of IT stocks - Large cap IT stocks
have marked key zones in the chart, Let's see how this works out.
Pro tip: Also, all of these stocks are paying very good dividend, buying these at lower levels will ensure a higher dividend payout ratio.
TECHMprice is traded in Channel and traded at lower end of channel so it s possible chance that price will move upper side
SL will be last below support area
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
TECHMThe following is observed :-
1. MACD crossover on daily time frame just below the centre line and crossover likely to happen on weekly time frame above centre line.
2. RSI bullish at 53, can be considered bullish.
3. Follow up buying seen from 1240 levels with good price action.
4. Downtrend changed seen after 3 month of previous high in Jan 2024.
5. Range breakout from downtrend.
So, trade in cash or buy 1300 CE Option at 29 for target 60 and above in upcoming days.