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.
Techmlong
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.
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 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.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.