BREAKOUT, TECH MAHINDRA, 45% RETURNS!!!BUY - TECH MAHINDRA
CMP - Rs. 1175
Target - 1: Rs. 1460
Target - 2: Rs. 1704
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Timeframe - Target - 1: 2-4 months, Target - 2: 5-8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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TECHM trade ideas
TECH MAHINDRA | BREAKOUT🚀🚀🚀SWING TRADE OPPORTUNITY
Stock has corrected last year by approx 50% from its high, and then consolidating from last year. Stock clearly gives breakout of this consolidation to give some good upward move.
It is constantly taking supports from moving averages.
Note: All IT stocks like infosys, TCS, etc seem to be giving new breakouts, looks like new uptrend has just started in this sector.
Stage-2 breakoutChart -> Tech Mahindra Weekly
After a sharp downtrend, huge consolidation, now ready for an uptrend as stage-2 breakout is on the chart.
CMP: 1230
Good Range To Buy: 1165 to 1230
Targets: 1365, 1580
SL: 1130 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Tech Mahindra - Gap Analysis The price analysed in daily and monthly time frame.
Gap Analysis - the news based gap created in stock and price reversed to fill the gap. As mentioned in chart, now gap level acting as support and price closed above 200 ema.
Monthly Chart - the fib level acting as support & resistance and volume strength visible in chart.
Thanks
-AJ
Disclaimer - The chart analysed for educational purpose only.
Breakout in TECHMAHINDRA.=Today, Tech Mahindra showcased a significant breakout after consolidation within a parallel channel pattern across multiple time frame.
=After undergoing of correction of over 50% last year this stock now seems to give a good momentum. We can reasonably anticipate a potential gain of at least 10% from this level.
NOTE- Do prepare your setup and then Analyze. Not a recommendation from my side.
Tech Mahindra - Breakout Possiblehiii all,
Greetings!
For almost an year we have seen Tech Mahindra stock running side ways, few days back Tech Mahindra gave a breakout above 1140 levels.
Yesterday & Today it has retested its support level. Hopping for strong up move.
well the result season for IT stock has begun so keep an eye on results also.
Thanking you
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
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this chart has somethin.........................................Hi,
What is your view on this chart. I found the chart very interesting as the trading zone of the current cosolidation followed in the past also.
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Breakout In TECHMBreakout In TECHM. Target Open till 1260. After consolidating from last around 10 month, now TECHM is expecting to go up.
CMP = 1178-1180
SL = 1162
Target 1220 , 1260.
Holding time 2-4 Weeks.
DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING.
Towards Demand zoneThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
TECHM Breakout for long positionIn today's trading session, TECHM has given the major resistance line breakout. Keep your eye on the stock if 2-3 candles sustain above the resistance line it can be a trending move.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss