TECHM trade ideas
TECH MAHINDRA : 02 AUG 20 :NEARLY AT ITS DAILY SUPPORT AREA.
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TECHM may fall on tuesday, can go shortTECHMAHINDRA is showing a bearish divergence on the RSI indicator. It is forming higher highs in the chart and forming lower highs in RSI thus indicating a bearish divergence, also it has shown a negative MACD crossover in the 1 hour time frame,thus giving a sell signal.
First target would be of 724 and my stoploss would be at 763.
TechM is it poised for breakout or forming cup and handle !!TechM at key level, with two probabilities can it give a breakout or the ending of cup can begin the handle cycle?
Longs only above 750 the trendline close
R-0183 Short Term Cash Buy TECHM @724.50-728.5 SL 713.6 TGT 753Short Term Cash Buy TECHM @724.50-728.5 SL 713.6 TGT 753
Ichomoku cloud break out + TK cross over + MACD cross over + above VWAP
#TECHM #BREAKOUT #NIFTY #SENSEX @in_tradingview #NSE #BANKNIFTY#TECHM #TECH #MAHINDRA
Tech Mahindra Ltd.
CMP: 732.6
Target: 765 / 810
SL: 699
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R-0167 BUY TECHMAHINDRA 710-715 SL 698 TGT 737Above VWAP with crossover took place at 680 and its in uptrend since then now there is resume of uptrend with followed by MACD cross over.
intraday pic 18 aug20 long techMthere is a gap on the donward journey....which may in all probability be covered tomorrow.
support and resistances for long trades are given...
this stock has the capability to go against the market....so trade wisely....
good luck
Waiting for Breakout ???TECH M One can buy above 703 tgt of 760 & 840 .Techm facing stiff resistance at 690 to 700 zone. Once that broken heavy shortcovering rally will push in to 760 zone. Above 700 it may turn to Ultrabullish.Buying advisable only above 703 only not below priced
TECHMAHINDRA: TRIPLE BEARISH CONFIRMATIONTECHMAHINDRA: 16TH AUG 20:
TRIPLE BEARISH CONFIRMATION:
A. REVERSE HAMMER CANDLE IN DAILY CANDLE
B. IT TOUCHES AND REVERSED THE UPPER BOLLINGER BAND.
C. WE CAN SEE EVEN THE RSI DIVERGENCE TOO.
Tech mahindra long if sustains 681, short below 670. tech mahindra levels and targets for tomorrow, one can long above 681 for levels as per the chart
HAHAHAHAHAHAH LET'S GO JAI HIND!!!!!
TECHMAHINDRA A GOOD BULLISH STOCK FOR SWING TRADETECHMAHINDRA
A GOOD BULLISH STOCK FOR SWING TRADE EVEN RSI ALSO SHOWS DIVERGENCE IN PREVIOUS 2 CANDLES
Techm - Breakout?Techm breakout with huge volume and sustained above resistance. Now it may test 625 as RSI is at 72 hence little retrace can be expected or after hitting first target it retrace and test 625 for above targets. Targets on chart...
TECHMNSE:TECHM
The results are out an IT sector is upbeat, if this crosses 676 and sustains it can see 684 and 693
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Long TechMahindraOne can bet on tech mahindra in short term opportunity stock clear it's hurdle . cpm is 655 it can zoom till 730 to 784 mean 11 to 20 % up side in near term stop loss should be 607 range
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
TECHM achieved tgt from 562 to 656techm gave a breakout on 5th july and again tested the buying range of 562-563 and reached the tgt 656 today(24/7/2020)
TECHM DAILY | Potential to be a Great Buy!In midst of the pandemic crisis, it is technology that is expected to be the recovering agents for the falling economy.
Tech Mahindra shows a natural growth after the fall during the lockdown. The upper resistance line is likely to be broken soon.
The earnings release the coming week will make things clearer.
