The chart shows 15 years track record of the Nifty-IT sector. Out-performers : 1. Coforge 2. HCLTech 3. TCS 4. Infy Under-performers : 1. TechM 2. Mphasis 3. LTIM 4. Wipro 5. LTTS When the IT sector starts to turn and takes charge in the sector rotation, I would be rooting for the historical out-performers which create value.
Some of IT stocks showing some reversal pattern and same is happening with Tech M as well. The scrip has formed an Inverted HnS in 1 hour TF and we may see some bounce in this scrip. day trader can keep this scrip in radar.
NSE:TECHM has been corrected 61.8% as per Fibonacci. I will be best to take entry at level of 993 with stop loss of 943 (-50 Points Risk Only). Upside I can expect is 1067 & 1150. This could be low risk and high reward idea. Note: This is my personal analysis, only for learning. Thanks.
Key highlights: 💡⚡ On basis of Weekly Time Frame 📊 Currently NIFTYIT has given Double Bottom Breakout with confirmation. 📊 Keep an eye on IT sector's scripts. 📊 Example : LTTS , COFORGE , TECHM 1st Target - 32816 2nd Target - 34381 Support - 30559 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to...
#MTARTECH NSE: MTARTECH CMP: 1737.80 TARGET: 2200 SL: 1550 RR: >2.5 times Return > 26% Timeframe: <6M CAN BREAK ALL-TIME HIGH IN FUTURE 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...
This was after a 48% drop from 1750 to 900 Plan ahead => could consider to Buy above 1150 - and/ or Rejections near 700 PB 3x PE 17x ROCE 24% DivYld 4%
NSE:TECHM One Can Enter Now ! Or Wait for Retest of the Trendline (BO). Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
At weekly timeframe, Tech Mahindra is standing at strong support around 1000 which is also a round number. Also, 0.618 fib level, 200 EMA & POC Level present at same area. If we look towards RSI, it's also showing techm is at oversold levels. We can go long and add some long position in portfolio with a SL of 940. Follow rules for profitability. Thanks, Sumit Thakur
#ANGELONE NSE:ANGELONE NSE:ANGELONE CMP: 1452.50 Entry Price 1440 Target: 1900+ SL: 1170 RR Ratio > 3 Return > 45% Time Frame < 6 months. 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...
Head & Shoulder Pattern forming in Weekly Chart, so Strong bearish signal. It may reach the marked levels in the Chart.
TECHM LONG At good support levels, And at a medium term support levels. Can bounce and give good return. Old idea gave great returns. No recommendations.
There is a formation of a shark pattern on the daily chart of the stock. Currently stock is trading in the PRZ of the pattern. We might see some pullback in the stock. Short-term trade Resistance: 1386- 1410 Support: 1290-1300
Currently at a very crucial support zone. If it bounces back from this level, it will be a good stock for the upcoming weeks. If it completes the double bottom formation, we can also see it going above 1570 levels. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you...
#REDINGTON NSE:REDINGTON NSE:REDINGTON NSE:REDINGTON REDINGTON CMP 166.75 TARGET 220+ SL 155 TF < 6 months RR > 3 Return > 40% 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...
TECHM SHORT Breakdown expected in short term. Till line crossing levels. No recommendations.
The stock broke its short term support in today's session with the Big Bear candle having good volume. Now, sustaining below 1695, the stock could move towards 1550-1530 in the coming trading sessions. Disclaimer : not a recommendation to trade
Tech Mahindra trying to come out of almost 2 month long consolidation and has already given a breakout only a good healthy candle is required for proper confirmation
Hey guys! The few last stocks I gave have all the target except ICICI bank which is still consolidating. This TECHM was bought to us on right time today by one of our member of the small group of traders and I also analysed it & it definitely looks good to me too. All the info for buying has been provided in the chart above along with the targets, this can also...