TECHM trade ideas
TECHM SHORT TERM ANALYSISTech Mahindra is in down trend for short term,
Watch out Major Level of support (880-900) and short term trend break.
Follow trend and do further study ;)
TECHMNote: This is for educational purpose only.
TECHM has broken DAILY RESISTANCE LINE on the upper side and is trading above DAILY SUPPORT LINE. BUY only if it sustains above 988 levels.
BUY ABOVE- 988
STOPLOSS - 975
TARGET 1 - 1000
TARGET 2 - 1009
Trend line breakoutgiven breakout with good volume
above 1000 watch targets in charts
If fall we can add at 970-975 zone
Nice chart patternStock is in a continuous uptrend since last April month and there is some profit booking happening from few days because it has reached Resistance level. Will it follow its monthly chart pattern? Where will it find its next support? Comment your view and let us learn together.
Disclaimer: The content of the idea is solely my personal view which is purely intended for educational purposes and hence urge traders to make their own trading decisions based on their own trading knowledge. I won't be responsible for any kind of loss because of this idea. Consult your Financial Advisor before initiating any trade.
TechMTechm Follow break out direction. On upside breakout positional targets are 1020,1034,1053,1078.
#Techm cash : looks good above 1005.10#TECHM CASH -POSITIONAL CALL
27.01.2021
BUY ABOVE 1005.10
STOPLOSS 990
TARGET 1024-1025/1040
CMP 997.10
Tech mahindra head and solders pattern take a trade based on breakout stop loss based on your money management.
head and shoulder pattern it s a sell in techm as it formed head and shoulder pattern. it broke off from the baseline but had a pull back. ultimately it did have a resistance and hence came down. as the result is near on 30th jan, short sell will be used at the earliest
TECHM - Bearish with Head and Shoulder in 60 min time frameHi Swing Traders,
TECHM looks good for a short term bearish trade. Looking at its candles, it is quite a choppy stock so you will see volatility during trade.
I hope this knowledge with help you
-MetaVish
TECHM Short Head and shoulderTechM Head and shoulder pattern spotted on 2 hour chart.
Short at cmp 984 or below
Neckline is 988
First Target 943
Second Target 900 (Ideally should be achieved within 6 days)
Good breakout for Head and shoulder with RSI below 40 now and recent MACD sell signal ,best time to short!!!
