TECH MAHINDRAHEY
Its tech mahindra
1) double bottom
2)up trend
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TECHM trade ideas
TECH M Looks weak !!!TECHM : cmp: 962.2
Looks weak in D & W chart.
Sell on rally.
Sell near 980
TGT 941/914/900
Sl 986 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
TECH MAHINDRA 1D TFAt major Demand zone alongwith Bullish Harmonic on the way!
An advance at PRZ would trigger 983+.
TECHM Bull RunTechnical Overview
*XABCD Bullish pattern forming in Daily timeframe.
*Price has sharply reversed from Point D today, a bullish Harami pattern has formed on the Daily candlestick timeframe.
Volume Analysis
*On Balance Volume(OBV) divergence shows bulls have already joined the party.
*Buy on Dips. Follow proper risk management techniques.
Target 1= 985+ (for current week)
Target 2= 1020 (depends upon momentum and buying pressure in the market)
*Price may take a retracement in the current or next week at 0.5% levels.*
*Highly Risky traders can buy 980 CE/990 CE below/ near VWAP levels for tomorrow.*
Fundamentals
*Q4 results were declared in the after market hrs. today, clocking a 34.5% Y-oY growth in Net Profit at Rs. 1081.4 cr in March Quater. Although brokerages were overweight on the PAT expecting a figure of Rs. 1281.6 Cr(59 % growth).
TECH MAHINDRA SHORT-TERM BULLISH VIEW:TECH MAHINDRA BUY AROUND 955-960
SL = 944
TP1 = 1010, TP2 = 1044.
TECHMHarmonic PRZ and lower trendline of Symmetrical triangle both give levels of 930 for taking long position.
Tech mahindra to shortShort Tech M below 1000 Target 945 - 920-900 with SL 1025. Negative divergence & RSI below the level of 40 . Stock in sideways movement for long time.
This is for your educational purpose only.
#Techm cash : Looks good above 1010.10#Techm cash
15.04.2021
Looks good above 1010.10
stoploss 1000
target 1018-1020/1028
Cmp 996
Tech Mahindra 15 /04/21 Thursday Trade Wisely and Smartly.
Bullish signs can be observed.
But still pay attention to overall trend and signals of sectors.
TECHM LONG VIEWTECHM LONG VIEW - Inverse H&S Pattern with good buying volume.
BUY TECHM SL: 895 CMP: 1000 TARGETS: 1080/1140/1160/1200+ 30 days to 90 days view
#Techm cash : Looks good around 1040-1043#Techm cash
11.04.2021
Looks good around 1040-1042
stoploss 1025
Tgt 1068/1098
cmp 1053
Tech Mahindra Chart AnalysisTech mahindea
cmp 1053
Bullish Above 1080, Target 1151
1) Pattern rounding bottom
max extend to 1080, then one dip to 1010
2) Down trend line breakout - at 1032
best Buy above 1080 with SL 1040
3) Rising wedge
Any breakdown of bottom line, more fall to
come towards 915
cmp 1053
View - Best buy above 1080 SL 1040
Best sell below 1020 SL 1040
TECHM can give 20% returns I will buy TECHM because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 941
Target : 1012/1078
Stop loss : 905
Tech Mahindra CMP 1053 buy for Target 1080- 1100- 1150-1200 - 13Tech Mahindra CMP 1053 buy for Target 1080- 1100- 1150-1200 - 1300-1400+
if get @ 1000 levels buy again
Sl below 950
TECHM - Inv. H&S Pattern break-out (D)Go long in the 975-1025 Zone; STOP below 960; Tg . 1080, 1150.
Weekly Flag Breakout : Tech Mahindra #Techm #flagbreakoutWeekly Flag Breakout : Tech Mahindra #Techm #flagbreakout
Weekly flag break out on Tech Mahindra can see 1650 levels in momentum with current week low as stoploss.
Note: flag formation might have not completed yet.
Tech Mahindra : Inverse Head and Shoulder Buy it above 1080, that is immediate resistance above neck of head and shoulder. Target : 1180 to 1190, Duration: 16 to 20 Days.
