Tech Mahindra LTD - Trendline + Descending Triangle Breakout
Updated
📊 Script: TECHM (TECH MAHINDRA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Trade active
Trade closed: target reached
Note
AROUND 6% RETURNS IN 2 DAYS.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.