TECHM trade ideas
#TECHMTinyIC Range automarked 950.85 / 914
SL 809.80 for the TinyIC never hit
It decided to cross the range and move to 1060
Target 966 was hit almost instantly in 3 weeks
Tech Mahindra - Symmetrical Triangle pattern on 1 Hour chartTech Mahindra - Symmetrical Triangle on a 1 hour chart, the Prices could go up and touch the near term resistance of 690. If the stock crosses 690 then next target looks at 718-720.
TECHM is traveling in a channel TECHM is traveling in a channel, any side breakout will be an good opportunity.
Tech M - Intraday Trade SetupTech M CMP - 929.50
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell At at Below 922 / Stop Loss 931
Target 1 - 917
Target 2 - 912
Target 3 - 908
Disclaimer: This is my view and for educational purpose only.
Tech mahindra breakout preparing for go beyond-900intraday-sell below 865.20 trgt-860-855 and buy-882-trgt-890.
it has made all time high breakout with high volume from the last 4month at-887 so
it can go to -920 in short term.
note-trade at your risk or watch my analysis.
plz like and comment my work.
Tech Mahindra breakout preparing for go beyond-900intraday sell below 865 trgt-860,855
and buy-882-trgt-890 it has made all time high
break out with volume at-887
last day volume is so high from the last4-5 month so it can go 920 in short term.
note-trade at own risk or watch my analysis.
plz like and comment my work.
TechM_Long Call_10.50% profit in 2 monthsDate: 24 Nov 2020
TechM (CMP:882)
After a good price rise in the recent past stock was seen consolidating for a short period. During the consolidation the chart formed an Ascending Triangle Pattern. The volume can be seen increasing towards the buy side and RSI is at 62 levels. This is a good sign for buy in short - medium term.
Price Target: 965
Target date: 12 Jan 2021
T1 - 903, T2 - 934, T3 - 965; SL: 850
Profit Potential: 10% ~ 10.50%
Tech Mahindra - Break outNSE:TECHM buy with a stop loss below todays low i.e 865. Look at 940-1010 in coming days.
TECHM (Bearish H&S and Bear Flag)- Intraday/Short Term SwingThis analysis is purely based on price action and chart patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade. (IT sector is expected to be very volatile due to US-Elections)
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
TECHM - Ascending Triangle - Short Term TradeThis analysis is purely based on price action
The analysis is on 30min TF hence target can be achieved in couple of days
Trade strategy is explained in image itself. Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
TECHM good short candidateTECHM on weekly time frame
Bearish AB =CD pattern formation
pattern gets violated above 909 on closing basis
Down side 10-15-20% fall possible
TECHM (NSE) - Elliott wave analysis - sell set up Techm - It is possibly in (Y) wave down now. so sell with stop loss above 856 at current level with for (Y) wave down as target below 800 with small quantity. Once the price confirm the impulse down in 5 min time frame, then add more quantity on bounce of b wave, because (Y) wave will move down in abc zigzag.
Give thumbs up if you really like the trade idea.
