TECHM
Nifty it index viewNifty it index given upside break out after a correction.
Many stocks like Tcs, Mindtree, Infy, Techm and other stocks also given break out or ready to break out. Buy on dip simple.
Tech Mahindra breakout preparing for go beyond-900intraday sell below 865 trgt-860,855
and buy-882-trgt-890 it has made all time high
break out with volume at-887
last day volume is so high from the last4-5 month so it can go 920 in short term.
note-trade at own risk or watch my analysis.
plz like and comment my work.
TechM_Long Call_10.50% profit in 2 monthsDate: 24 Nov 2020
TechM (CMP:882)
After a good price rise in the recent past stock was seen consolidating for a short period. During the consolidation the chart formed an Ascending Triangle Pattern. The volume can be seen increasing towards the buy side and RSI is at 62 levels. This is a good sign for buy in short - medium term.
Price Target: 965
Target date: 12 Jan 2021
T1 - 903, T2 - 934, T3 - 965; SL: 850
Profit Potential: 10% ~ 10.50%
Tech Mahindra - Break outNSE:TECHM buy with a stop loss below todays low i.e 865. Look at 940-1010 in coming days.
TECHM (Bearish H&S and Bear Flag)- Intraday/Short Term SwingThis analysis is purely based on price action and chart patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade. (IT sector is expected to be very volatile due to US-Elections)
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
TECHM - Ascending Triangle - Short Term TradeThis analysis is purely based on price action
The analysis is on 30min TF hence target can be achieved in couple of days
Trade strategy is explained in image itself. Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
TechM is it poised for breakout or forming cup and handle !!TechM at key level, with two probabilities can it give a breakout or the ending of cup can begin the handle cycle?
Longs only above 750 the trendline close
#TECHM #BREAKOUT #NIFTY #SENSEX @in_tradingview #NSE #BANKNIFTY#TECHM #TECH #MAHINDRA
Tech Mahindra Ltd.
CMP: 732.6
Target: 765 / 810
SL: 699
If you like my work, kindly LIKE SHARE & FOLLOW for latest stock recommendations. :)
Has #TECHM made first Higher Low? If so, big move ahead possibly - Huge Weekly Supporting Trendline
- After Selling pressure, the stock entered consolidation zone.
- Big volumes came in to this consolidation suggesting that it was accumulation.
- Seems to have made the FIRST HIGHER LOW
- Observing HIGHs & LOWs on lower Time Frame to time the Entry.
- Any dip appears to be a BUY
- Buying here could mean buying at the beginning of new Uptrend.
- After Entry, you could consider trailing Stop Loss With EMAs (I use an EMA rainbow) on a smaller swing time frame (I trade 30 min).
All the best!!
TechM trading in range ofo 500-540TechM is trading in range of 500 to 540, any breakout above 540 may see the stock moving upto to 600 or breakout below may see selling till 470. But 470 is the strong support for the stock
TECH MAHINDRA - still WeakTECH MAHINDRA - still Weak
Major support for the stock comes around 400 levels.
TECHM - below 500 - can go to 470TECHM - if sustains below 500, can move to 490/480/470 levels.
But incase if bounces from lower level Band support, then can go up and 1st resistance will be 530.
Crossing 530 levels ... we can see good upside.
