TechM intradaySimple price action and support/Resistance levels are marked on chart just a view not a reco...
TECHM1! trade ideas
TechMahindra - Double Bottom TechMahindra has made double bottom and once the neckline breaks we can expect a movement beyond 1550. How to trade:
Option 1: we can trade now as it is following 20EMI till the neckline i.e.1311 and then once it breaks the neckline we increase position size
Option 2: Let's wait till neckline is broken (conservative) and we can also wait once it breaks neckline and retest the same.
Other factors:
1. RSI above 60
2. MACD we can see improving
3. Tech stocks will see momentum especially large caps
"Clean Charts, Easy Charts"
Learning and Earning!!!
Cheers !!
Techm-If cross today's high it may touch 1300-1380There has been a significant breakout recently. Yesterday's market activity appeared to be a deliberate shakeout, eliminating weaker investors, followed by a notable price surge today. Both trading volumes and closing figures were favourable. The next observation will be whether there is sustained momentum with consecutive follow-through days.
If crosses today's high it may touch 1300-1380, 1458
This analysis is shared for educational purpose
TECHM FUTTechm Fut broke out of descending triangle pattern on an hourly chart with good OI.
Could be bought with mentioned stoploss & target.
#TECHM possible to sell
#TECHM trading 1118 formed bearish pattern,
Today trading our retracement level,
we can sell below 1113 and tgt 1090
SL: LIVE
#TECHM possible to sell
#TECHM trading 1132 formed bearish pattern,
Today trading our retracement level,
we can sell below 1126 and tgt 1100-1085
SL: LIVE
#TECHM possible to buy#TECHM trading 1061 formed bulish pattern,
Today trading our retracement level,
we can buy above 1070 and tgt 1085
SL: LIVE
#TECHM possible to buy#TECHM trading 1467 formed bullish pattern,
Today trading our retracement level,
we can buy above 1469 and tgt for 1485
follow SL 1454
TECHM is a Longterm Positional Buy TechMahindra is a long term positional buy, this stock has trading near the support zone and expecting trendline breakout which already trading above the averages, Expecting the uptrend in few days so its a positional buy for long term also. Buy@1515 and for the Target1@1594 and Target@1646 and stoploss@1460.
Why we like it:
Trading above averages and its a buy after confirmation of trendline breakout .
Near support:
1420
Near Resistance:
1627
weekly view on techm1680 is a good demand zone for techm as per option chain for dec month data. significant long built up in stock and pcr is favourable at 1680 for long. plz dont trade its just a study. analyse yourself if uyou like plz comment
Tech Mahindra is at Buying Level.Can Buy in the levels 900-928, stop loss as per your risk profile/RMS Policy. Targets 975-1024. Less risky traders can buy March 960 CE.
futures segment intraday idea | TECHMbuying idea for tech Mahindra in futures contract ( 31 DEC 20 FUT )
Tech M good buy signalAfter the price and time wise correction. it may go upwards.
Entry zone 845-855
TGT may be 878/892/909
SL 830
Disclaimer: Ideas for learning Only.
All IT stocks will be in focus.And in this sector Wipro and Coforge is in good buying range. So keep an eye on this two.
TECHM forming a bullish triangleWith Indian IT sector looking strong, there are a few potential opportunities . HCLTECH was posted earlier TECHM is another one. Look for new highs while the support holds
Techmahindra fut CMP 791.25 - 15 min analysis Short below 784 Techmahindra fut CMP 791.25 - 15 min analysis
Short below 784 for Target 780- 777-770-760-750+
Buy only above 800 Closing basis - 15 min candle Target 810-820-830-840+
