nifty IT also uptrend Additionally, this stock broke above its resistance. continued over the breakthrough line upward tendency, channel pattern, and breakout Stocks may rise in value. not advised for purchase and sale
Fundamental View: ➡️ PE Ratio: 61 | ROCE: 12% | ROE: 8.63% | Market Cap: ₹1,55,031 Cr ➡️ Strong long-term financials with a 96% dividend payout ➡️ Ranked 5th out of 147 in IT Software ➡️ Global presence with diverse services across 90+ countries Technical View: ➡️ Bullish breakout observed ➡️ Next resistance from Dec 2021 at 1,660 ➡️ Ascending trend line...
- We posted the initial analysis of Tech M on March 5th, 2023 which can be accessed below. - Given that the price action changed with time, we decided to post the updated price action for the ease of our followers - The chart is pretty self-explanatory - The Price action is similar to that of NSE:WIPRO . The price consolidated for over a year and finally...
Price has reacted to a Fresh 3 Month Supply also there is a fresh 6 Month Demand formed, Hence we are expecting a Correction. After reacting to the Fresh Quarterly Supply, as per Weekly chart we have drawn trend-lines which also show the Support and then we see Price has violated the Support forming a new low, which indicates the sellers are coming in...
NSE:TECHM #TECHM | 🔥 Buy TechM Apr 1300CE | 🔥 50% - 100 % Upside Potential in CE ✅ Buy Level - Rs1230 - Rs 1250 ✅ SL - Rs 1175 ✅ Target - Rs 1299/1320/13601390 ✅ Trading at the lower end of the Rising Channel ✅ Taking support at 200 Day SMA Trade :- ✅ Buy Future ✅ Buy TechM Apr 1300CE - Rs 15-20 ✅ Apr 1300 CE - CMP 20 Look at the chart for more information Thanks
this stock is falling now.. we have a strong support lies at 1200 range...in the form of trendline and neckline both are strong, multiple times price takes the help of trendline support... Head and shoulders pattern is also detected in this stock price. a strong breakout is observed from neckline... so keep looking for long in this stock from neckline for the...
Tech mahindra may have started iii of 3rd wave.. If this holds right we may see spike till 1600
Hi guys. Please correct me if I'm wrong. Is techm ready for a breakout? There is an important support here that's showing. Par correct me if I'm wrong. Please note I'm learning and this is not a recommendation as you can see I'll the winner who is asking whether it is correct or not 😬😎😄
NSE:TECHM about to breakout golden zone 1320 in monthly timeframe. It has created strong bullish trend over year with LL LH HL structures, recent breakout from 1235 level and given strong bounce with pullback near entry level 1235 . Buy range 1221 to 1320, SL 1182. Major targets levels are highlighted in blue lines.
📊 **Analyzing Candlestick and Heikin Ashi Patterns** Tech Mahindra Ltd is currently under the spotlight for its promising candlestick and Heikin Ashi patterns, showcasing a compelling narrative for traders seeking strategic entry points. 📉📈 **Decoding Tick Strength: Daily and Monthly Insights** - **Daily Momentum:** The daily chart unravels a Bullish trend,...
Tech Mahindra looks good for buy now as it has broken the recent resistance of 1180 and now moving towards next zone of 1311 in a bullish manner, the long term goal can be to hold it till the 1560 levels, as there is a gap near the zone which the price will try to fill out.
In TECHM stock we can see trendline in Daily Timeframe (1D). Right now stock is trading at price of 1175 Rs and the support of trendline lies on 1170 Rs. Also according to the Fibonacci Retracement drawed from bottom to top the stock has broke the support of 0.382 which is at price 1240 Rs and now at trendline support. One can plan short selling from here at price...
Price is now at resistance zone, and turned to be bearish side.. On the other side we have a bearish channel, every trendline on bearish channel tries to push the price upside... the last trendline is stronger that will take the price again upwards.. wait until price falls below these line and retrace... if failed to go higher a strong fall will observe.
Hi every one please trade it techm 1200 CE august jackpot
Tech Mahindra consolidated and created leading diagonal pattern in it's first wave. After completing it's first wave of the second wave - it has retraced back to 61.8%. A good opportunity to buy with stop loss of 1035 and target of 1333
CNX IT on the verge of breakout above 31,100. It would be worth keeping an eye on the whole IT pack. Many like TECHM have been breaking out. ❤ & follow?
The Tech Mahindra stock price has been consolidating in a range for the past few months. However, the recent price action suggests that the stock is poised to break out to the upside.
View-Sidesways to bullish The stock is consolidating between 1150 to 980 lvls. However this time it has taken support near .5 Fib levels. which are near 1061-1075. This makes high probabilty of going upside. If it holds around 1135-1110 for next 1-2 weeks we may see a strong up side for 1300+ 1400+ 1500+ This analysis is only for learning and educational...