Short Term Cash Buy TECHM @724.50-728.5 SL 713.6 TGT 753 Ichomoku cloud break out + TK cross over + MACD cross over + above VWAP
Above VWAP with crossover took place at 680 and its in uptrend since then now there is resume of uptrend with followed by MACD cross over.
Price broke out of a major resistance on July 13 and then the price was stuck in a trading range for the last several days. Price is in a steady uptrend as we see a well-defined sequence of higher high and higher lows. Price saw a range expansion candle which is an outside day and a good quality trend continuation signal. The breakout from consolidation can be...
As per my observation, the stock looks weak and so as IT looks weak too. I believe Tech Mahindra is in its third correction wave, in which 5th impulse wave in progress as per the elliott wave theory. Preferable Risk and Reward Ratio