Tech Mahindra - Long Setup (Swing Trade)Tech Mahindra has confirmed a breakout above the entry zone, setting up for a potential swing trade. Here’s the trade setup:
Entry Price: 1654.85 (Confirmed after the 15-minute candle broke above the entry zone at 1640.25 )
Target: 1785.05
Stop Loss: 1567.85 (Stop loss will be triggered if a daily candle closes below this level)
With the entry price confirmed at 1654.85 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1785.05 , with a well-defined stop loss at 1567.85 for risk management.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
Techmahindragolong
TECHM:: Long@Neckline 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 target of 1500.
we have a strong resistance at 1500 levels.
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.
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”.
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