Fundamental View: ➡️ PE Ratio: 61 | ROCE: 12% | ROE: 8.63% | Market Cap: ₹1,55,031 Cr ➡️ Strong long-term financials with a 96% dividend payout ➡️ Ranked 5th out of 147 in IT Software ➡️ Global presence with diverse services across 90+ countries Technical View: ➡️ Bullish breakout observed ➡️ Next resistance from Dec 2021 at 1,660 ➡️ Ascending trend line...
NIITLTD 113 TGT 130 TF < 3M NSE:NIITLTD If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
- Here is an update to the Nifty IT analysis we posted back in 2022. - The price action is pretty sluggish. Literally "Trading in the Zone" ( Get it? If not you need to read that book " Trading in the Zone by Douglas" It will teach you the psychology aspect of trading) - We will keep updating the price action as it unfolds. - In the meantime, look at how NDX has...
Price has reacted to a Fresh 3 Month Supply also there is a fresh 6 Month Demand formed, Hence we are expecting a Correction. After reacting to the Fresh Quarterly Supply, as per Weekly chart we have drawn trend-lines which also show the Support and then we see Price has violated the Support forming a new low, which indicates the sellers are coming in...
The trend was broken on 2nd March. I'm bearish on the IT Consultancy Industry going forward. Note: This is a custom index formed by equally weighing Large Cap IT consultancy stocks. Relative Momentum (w.r.t. Nifty) indicator has been applied on the same. Stocks considered for the index: TCS INFY HCLTECH WIPRO LTIM TECHM TATAELXSI LTTS PERSISTENT MPHASIS
Tech mahindra may have started iii of 3rd wave.. If this holds right we may see spike till 1600
NSE:TECHM about to breakout golden zone 1320 in monthly timeframe. It has created strong bullish trend over year with LL LH HL structures, recent breakout from 1235 level and given strong bounce with pullback near entry level 1235 . Buy range 1221 to 1320, SL 1182. Major targets levels are highlighted in blue lines.
📊 **Analyzing Candlestick and Heikin Ashi Patterns** Tech Mahindra Ltd is currently under the spotlight for its promising candlestick and Heikin Ashi patterns, showcasing a compelling narrative for traders seeking strategic entry points. 📉📈 **Decoding Tick Strength: Daily and Monthly Insights** - **Daily Momentum:** The daily chart unravels a Bullish trend,...
NSE:TECHM One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
DYNAMATECH 4126 Open Targets and Open SL Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is...
Price is now at resistance zone, and turned to be bearish side.. On the other side we have a bearish channel, every trendline on bearish channel tries to push the price upside... the last trendline is stronger that will take the price again upwards.. wait until price falls below these line and retrace... if failed to go higher a strong fall will observe.
Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you...
View-Sidesways to bullish The stock is consolidating between 1150 to 980 lvls. However this time it has taken support near .5 Fib levels. which are near 1061-1075. This makes high probabilty of going upside. If it holds around 1135-1110 for next 1-2 weeks we may see a strong up side for 1300+ 1400+ 1500+ This analysis is only for learning and educational...
Co website- www.techmahindra.com India's 6th largest IT company-- Communication, Media & Entertainment, Retail & CPG, Healthcare & Life Science, Banking & Financial Services, Transport, Hospitality & Logistics and Manufacturing & Utilities 150000 professionals across 90 countries, market cap 1.1lc cr ( $13.5 BILLION ) , 10% Sales growth yoy, virtually debt free,...
we are looking TECHM Bullish move rapidly Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any...
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NSE:TECHM As You See The Charts Are Back To Old Levels Of 2022. It's A Clear Buy For Short Term To Long Term. One Can Have A Stoploss Of 910 And Buy For It.
TechM has created inverted H&S pattern on hourly TF. Confirmation can be done via a candle closing above 1115 level for target of 1145/1150 DISC: Please consult your advisor before any investment.