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.
weekly consolidation finish in this stock you can see consolidation in range bound market now it has been done react as support target i hv already mention its good stock to buy
TECH Mahindra CUP & Handle breakout on hourly charts - Possible Targets 1380 in 1-2 Months LTP - 1259 SL - 1220 Targets - 1380+ Timeframe 2 Months
IT sector is looking bullish.. TechM is giving a breakout.. keep in watch till second half for breakout confirmation
TECHM After consolidating for months finally good got decent close above 1200 Long for Targets above 1500 SL below 1100 Decent risk to Reward
Uptrend, trendline support and cup and handle continuation pattern at 30 min. Looking good for long
As per analysis, it would come to marked line .. please beware before buy CALL option or future
Consolidation Breakout on charts The stock has been consolidating for a while Breakout after closing from Box Target 1500s Stop Loss 1075 Buy above 1290 absolute conviction
#TECHM has recently broken above an important Fibonacci level and may continue to progress further. Price action is supported by a spike in volume around 78.6% level along with RS showing a positive crossover above the zero line.
Gap down opened on 27.07.2023 after earning a report on that day indecision in market participants formed a neutral candle at both sides and tried to break the zone. On 28.07.2023 candles just formed inside the previous day candle show signs of aggressive sellers absence. On 31.07.2023 buyers entered the zone and drove the price above 27.07.2023 open shows +ve...
High probability Tech M will go bullish, levels mentioned in chart. This is my own analysis.
Best Stock reaching for cheap price If possible We catch this Strong Support 1000 Breaks 950. Good for future. Worst result may hurt, good for long term holders.
TECHM seems to have formed a nice bottom and giving breakout from 1160 resistance levels. This can be seen as double bottom breakout and as well as rounding bottom breakout. Target: 1340+, 1570, 1800. SL: Daily candle close below 1160
IT is on its Baby phase, Tech Mahindra has been consolidating for long, here is the breakout of its consolidation zone. One can enter here. Disclaimer: I am not a SEBI Reg. Analyst. Please do your own research before trading or investing.
Finally the Triangle in B, seems got completed. Should head towards south to complete its C in 5 waves. not looking good for now.. but eventually when this correction gets over may be in couple of months or so...we can start accumulating this stock.