#TECHM #Trending #Stocks #trading
Tech Mahindra - Weekly uptrend line got broken out - Expect stock will reach 1062 levels and if that also will break it will go to its yearly support below 1000. Wait for the good price action for Long Investment.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Techm trying to coming out of consolidation zone,U can buy above high of july month candle high if it gives proper breakout after a year of side ways market. The stock reversal from support and breakout the range with good volume
Expected Target 1330 & 1550
Along with all the other IT Co's..
Tech M could fall too. Short below 1185 with a SL above 1200.
I believe the IT sector could have a short term fall in general.
Hi Traders,
I love the stock (Techm) and I took swing trades in this stocks.
The way this stock move. This give many opportunities for swing trades and also move with good volumes.
Points to note:-
Currently stock is at this trendline support.
IT Indices also bullish and at breakout
Baaki to chart dekho yaar
Disclaimer:- Bhaiya m SEBi certified nhi...
# TECH MAHINDRA #
# LONG TERM VIEW BULLISH #
# BUY AT : 1180 - 1200
# TG : 1) 1500 - 2) 1800
# CBSL : 1050
# R :R - 1 : 4
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on...
Tech Mahindra Breakout & Reversal
Hi mates, sharing daily chart of Tech Mahindra as you can see on this provided chart that after hitting a all time high of 1800 levels price came down and shifted in downtrend and since then trading in downtrend and consolidating in a parallel channel but by the last session of previous week it came out from a long...
CMP ₹.1292/-
Tech Mahindra looking good. Breakout happened in 1 year long parallel channel and 1 year long resistance trend line. Technically looking good but due to the overall blood bath in market recently, it is very difficult for the stock to survive and keep the trend. If it can outlive the whole market trend then a 40% move can be expected from here.
Chart type: Breakout
Trade type: Swing trading
Positive: Stock above 50 ema, higher than average volume and positive MACD.
Disclaimer: Remember, always perform your due diligence and analysis. This post isn't a buy or sell recommendation, but rather an educational insight into the world of technical analysis.
TechM is at the top of the long-term channel with RSI Divergence on the weekly charts. View is it will correct significantly from here in comming week(s)..let's see
TECHM closing above trading range which confirms the entry into 3th wave as it also made a retest and closed above 2nd wave.
Please use the Idea for learning alone, any decisions taken based on the provided analysis is not approved by the content creator, as the videos and Ideas posted are strictly for educational purpose.
