R-0183 Short Term Cash Buy TECHM @724.50-728.5 SL 713.6 TGT 753Short 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
Techmah
R-0167 BUY TECHMAHINDRA 710-715 SL 698 TGT 737Above 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.
R-0090 A flag pattern breakout in Tech MahindraPrice 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 considered as a flag breakout pattern. IT as a sector has seen a very good run in recent times. Buy Tech Mahindra around Rs 630 and CMP for a rally to Rs 670 and above that to Rs 700. Keep a stop below Rs 605.
TK cross over + Above VWAP + MACD cross over => indicates bullish trend
TECHM Weakening ( in Wave C Momentum)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
