TECHM-Look for at @1020-1035Observations:
----> Trendline Broken. May again retest to trendline.
----->> Strong Rise from Previous Support, leaving a demand zone @1020-1035 range.
------>> Bearish gap may be fill.
Techmahindra
Tech Mahindra LongNSE:TECHM
Gain: 20%
Duration: 3 months
*Not a financial advice to buy or sell. Do your own research.
My charts speaks louder than words.
I'm a chartist. I paint charts.
Good price come with Bad News !! Q4 Earnings !! Tech Mahindra reports Q4 earnings.
Net profit at Rs 1,117.7 cr Vs Expection of Rs 1,275 cr
I will prefer to go long near 800/900 Zone for target of Life High with 1 year
Time to build position in Tech mahindra for long termI think bottom is in as 1000 is the strong support. Planning to build some position and see if it goes as per the plan. Bit risky as this share have been not having much momentum lately.
Tech Mahindra (TechM)NSE:TECHM As You See The Charts Are Back To Old Levels Of 2022. It's A Clear Buy For Short Term To Long Term. One Can Have A Stoploss Of 910 And Buy For It.
TECH MAHINDRA IN DEMAND !!!
Price hasnt shown violent downward moves here as compared to the other IT stocks, The Reward to Risk ratio been amazing suggesting to Buy!!!
ENjoy!!! Cheers!!!!
TechM: Inverted H&S Pattern - Bullish Pattern formationTechM has created inverted H&S pattern on hourly TF.
Confirmation can be done via a candle closing above 1115 level for target of 1145/1150
DISC: Please consult your advisor before any investment.
TECH MAHINDRATech mahindra is trading at near strong support zone if it hold this zone then can expect a bullish move. this is the best zone for long term investment can start buying because this stock is already down by 44% from it's all time high.
Reversal possible, Intraday setupSome of IT stocks showing some reversal pattern and same is happening with Tech M as well. The scrip has formed an Inverted HnS in 1 hour TF and we may see some bounce in this scrip. day trader can keep this scrip in radar.
Tech Mahindra Day chart of tech mahindra in which 940 is strong support and also this stock is in triangle pattern
TECHM Low Risk High Reward IdeaNSE:TECHM has been corrected 61.8% as per Fibonacci. I will be best to take entry at level of 993 with stop loss of 943 (-50 Points Risk Only).
Upside I can expect is 1067 & 1150. This could be low risk and high reward idea.
Note: This is my personal analysis, only for learning. Thanks.
TechMTech M CMP 1050
A Chart with alot of words in it
With sl of 1040 ...
I would only buy
Vedang :)
Chart is for study purpose only!!!
TECH MAHINDRA Wiiting for BreakoutThe idea here is about TECH MAHINDRA
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Bat Pattern Completed on a weekly chart.
2. Waiting for Breakout of Falling Wedge or Downtrend Pattern .
3. Resistance on 20 EMA tested on weekly chart.
4. MACD Crossed over Signal on weekly chart on 8th Aug 2022.
5. RSI is at 42.89 on a weekly Chart.
6. Keep in mind CNXIT to break the resistance @ 30475 to 30560.
7. Current market under consolidation.
Some Add on Info : Equities saw 17 Number of large deals on 19th Aug 2022, and also Company Acquired its 2 South African Joint ventures.
Targets : Estimates based on Bat pattern provided on the chart for reference.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis.
Cheers.
Tech Mahindra LTD - Trendline + Descending Triangle Breakout📊 Script: TECHM (TECH MAHINDRA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
TechMTechM is falling out of the channel ? Could this be change in the movement . Yesterday's movement is very strong.
Tech mahindraTech Mahindra daily chart have ascending triangle pattern. If this ascending triangle patter breakout upward then it will be good opportunity to go long on this stock.
Breakout level = 1103 - 1105
Target = 1290 / 1300
Stop loss = 2% below breakout level
Tech Mahindra - Trade setup 23-August-2022Tech Mahindra is near the lower trend line, we can short it if it goes below 1075.
Target around: 1069.
Stop loss of 1-2 Rs.
Long entry in mahindra Good trand formation wait for the break out and it's clear indicate top pull back the market reaction its best stock to invest because fundamentals is awesome my target is its ner to the 1350 to 1500
TECH MAHINDRA LEVELES ... D Candle (27.07.2022)TECH MAHINDRA now forms harmonic pattern, this junction is a good buying opportunity bcz risk reward is good, in short term we expect 1100 levels
Tech Mahindra Trend AnalysisPrice is nearing accumulation level as per the Head & Shoulder pattern technical target.
Sound fundamentals with almost zero debt will make it soar in next bull run.
Good to accumulate around 850-920 levels for the following targets:
Short term swing target @ 1275 (43% ROI with 4.28 R:R)
Medium term swing target @ 1620 (82% ROI with 8.1 R:R)
Long term positional target @ 2200 (147% ROI with 14.5 R:R)
Stop loss @ 800
Do your own due diligence before taking any action.
Peace!!
TechM a good buy betTechM is in a good support zone of HTF one can look for long term perspective as this is not a recommendation and tips though i have my persoal position in this stock.
Tech MahindraAt weekly timeframe, Tech Mahindra is standing at strong support around 1000 which is also a round number.
Also, 0.618 fib level, 200 EMA & POC Level present at same area.
If we look towards RSI, it's also showing techm is at oversold levels.
We can go long and add some long position in portfolio with a SL of 940.
Follow rules for profitability.
Thanks,
Sumit Thakur
Tech Mahindra support Hammer - BullishFundamental :
ROE > 20 %
Revenue Growth > 17 %
EBITDA > 12 %
Technical :
Hammer formed this week
SL : 1008
Target 1 : 1230
Target 2 : 1337
Target 3 : 1434
Target 4 : 1524
