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.
TECHM
Tech Mahindra stock to watch out tomorrow The Volatility has been very narrow. Expecting Breakout tomorrow. Based on Trend go for Long or short
TECHM Intraday for 6th Apr 2020Mostly downtrend....Do not go long..
Short below 520.5, tgt 1- 510, tgt 2 - 491...
If price opens below 512, short @ 510 , tgt 491
No long until price reaches above 540, tgt till 580...or follow pivot points....
If price opens gap down and reaches around 490 levels, go long with tgt as pivot points till 520 max...
TechMcreating triangle breakout pattern.
trade on the side of breakout with small qty and enter again while retest
Technical Analysis Of Tech Mahindra ( TECHM ) - 9/29/2016It is not a good time to be a share holder of IT companies. We have outlaid reasons for IT stock softness earlier which you can check in earlier posts. Especially someone secondary player like Tech Mahindra it is going to be really tough going forward. If it has something in it, then it is time to show now. Technical picture is already clouded for the stock but once it starts playing with 400 level, worries start mounting. Because below 400, it will be a drop from the cliff. A 100 point drop after 400 can't be ruled out. Weakness in IT sector along with topped out general equity market doesn't bode well for the stock.
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