TECHM INSIDE-CANDLE SETUPif IT sector remain negative on monday we can track some good trade in techm shorting opportunity as per insidebar setup short below 1300 towards 1180 to 1150 for the first atrget then trail your profit if it breks 1300 level's. so keep an eye on techm for monday in IT sector.
NSE:TECHM
Techmahindra
TECHM LONGCurrently at a very crucial support zone. If it bounces back from this level, it will be a good stock for the upcoming weeks.
If it completes the double bottom formation, we can also see it going above 1570 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
TECH MAHINDRA BREAKOUTNSE:TECHM hit a fresh all time high when the overall market is very weak.
It gave a breakout from a rising wedge pattern.
Look to enter at CMP if it breaks the day's high. Enter with rest of the position once stock retraces.
Possibility of a fakeout is very high but the IT sector is the only sector outperforming in Indian markets.
Stock is also good for long term buy and hold.
Tech Mahindra - rectangle patternTech Mahindra..daily chart. Boundaries defined in the chart, if breakout above 1640 then may proceed towards 1800 and if closes below lower boundary 1466, then may test next support at 1364. RS positive and above price above 50 DEMA.
Only for educational purposes, not buy/sell recommendation.
TECHM looks good for upside momentumHey guys!
The few last stocks I gave have all the target except ICICI bank which is still consolidating.
This TECHM was bought to us on right time today by one of our member of the small group of traders and I also analysed it & it definitely looks good to me too.
All the info for buying has been provided in the chart above along with the targets, this can also be done in Intraday tomorrow.
BUY ABOVE: 1555
Target:1575 and above as in charts, one can also aim for ATH(all time high)
RSI supporting
MACD showing bears retreating
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TECH MAHINDRA BULLISH SIGNALHello Trader I Found TECH MAHINDRA In Bullish signal as we can see it broke its Resistance Area and it is taking as a Support Area. Stop loss is only of 20pt and its Target Is around 100 Pt its my view please do your own analysis before taking any action. If you like my analysis Please follow and like my chart as well. Thank You