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.
Techmahindralong
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.
#techmahindra retest entry Setup is really good. on weekly time frame it formed cup pattern and gave break out of it now talking retest of that lvl with good pattern (falling trend line breakout). Technical are really good but fundamental are descent so that why I will say stock is bit risky so keep bit tight sl. Note: this is not any buy/sell recommendation.
TECH Mahindra Daily timeframe analysis for long term
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.
TECHM - **Navigating Opportunities: A Technical Outlook📊 **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, accentuated by a Bullish Continuation Heikin Ashi Pattern. This signals a positive short-term outlook, hinting at potential opportunities for nimble traders.
- **Monthly Fortitude:** The monthly landscape paints an even more robust picture, featuring a Strong Bullish sentiment. A Bullish Heikin Ashi Pattern, coupled with noteworthy trading volume, underlines a sustained and formidable long-term uptrend.
🎯 **Pinpointing the Sweet Spot: Demand Zone 1172.05 - 1177.70**
Within the intricacies of the charts, a strategic buying opportunity emerges within the demand zone, ranging from 1172.05 to 1177.70. This zone acts as a magnet for potential buyers, creating a favorable entry window for astute traders.
📈 **Strategic Move: Buy Within the Range with Stop Below 1171**
To capitalize on the potential ascent, traders are urged to consider entering the market within the specified range of 1172.05 to 1177.70. Risk management is key, and setting a stop-loss just below 1171 serves as a protective measure against unforeseen market shifts.
🚀 **Seizing Opportunities with Tech Mahindra Ltd**
Tech Mahindra Ltd not only showcases favorable technical indicators but also offers a strategic entry point within a defined demand zone. Traders navigating this landscape should remain vigilant, stay abreast of market dynamics, and be ready to adapt their strategies as needed.
📈🚀 Happy Trading! 🚀📈
TECHM--Bearish view??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.
Tech Mahindra looking +ve for a take off....Tech Mahindra Ltd is the multinational information technology and consulting company. It is a part of Mahindra group having operations in over 100 countries leveraging next generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, AI and many more. It ranks among the top 7 IT brands globally with AA+ rating.
Tech Mahindra CMP is 1093.60. Negative aspects of the company are declining annual net profits, declining cash from operations annual, FIIs are decreasing stake, promoter holding decreasing. Positive aspects of the company are no debt. MFs are increasing stake and zero promoter pledge.
Entry after closing above 1103. Target of the call will be 1141 and 1163. Long term targets in the stock will be 1196 and 1230+. Stop loss in the stock should be maintained at closing below 986.
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 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 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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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