Very good leval stock at support 200 ema and also support on weekly time frame and closing green of weekly candle if continue ride then very good leval for risk reward ratio
TECHM trade ideas
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! 🚀📈
TECH MAHINDRA -1DTech Mahindra looks good for buy now as it has broken the recent resistance of 1180 and now moving towards next zone of 1311 in a bullish manner, the long term goal can be to hold it till the 1560 levels, as there is a gap near the zone which the price will try to fill out.
TECHM ( SHORT SELLING SETUP)In TECHM stock we can see trendline in Daily Timeframe (1D).
Right now stock is trading at price of 1175 Rs and the support of trendline lies on 1170 Rs.
Also according to the Fibonacci Retracement drawed from bottom to top the stock has broke the support of 0.382 which is at price 1240 Rs and now at trendline support.
One can plan short selling from here at price of 1170 Rs with small STOPLOSS at 1240 Rs(which is zone of 0.382 from Fib Retracemnet) and the 1st TARGET for short selling is 1080-1170 and 2nd TARGET is 990-980 Rs as there is major SUPPORT at 980 level.
There are Q3 rersults are coming of TECHM in upcoming days therefore the STOPLOSS should be little big which can provide space for volatility and SL will be safe thats why we put SL of 70 rs and the TAEGET of 200 Rs againts it. Which gives the RISK REWARD RATIO of 1:3.
TECHMStock Clearly downtrend
Make spinning top candle on chart bottom it means indicision.
Wait for confirmation downside or upside
Mostly probably downmove coming
Wait n watch ⌚
Macd Bearish
100 DEMA support.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
Buying time for TechM?
Looks like buying time for Tech Mahindra . Current downward swing may be over by tomorrow if not already is.
Tech Mahindra makes Bullish M pattern ready for big upside moveOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TECHMNSE:TECHM
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Watch Out For BreakOut. 2000 in 10 to 15 months time. Stock Is trading near Resistance Range.
After the morgan stanly down grade of ratings , hoping it to come down to the range 1125 to 1010.
if it comes to those levels, Can be good entry point.
Then wait for breakout. Once breakout 2000 will come for sure.
Downside levels are marked by green support ranges.
Long Term 10 to 15 months.
tech mahindra buy @ 1167 target @1245, 1259, 1284 tech mahindra buy @ 1167 target @1245, 1259, 1284
channel pattern breakout
risk reward 1.5
sl@1092
TechmStrong breakout of resistance area
Now price resting on resistance level
Other stocks in this sector are also performing well
Took 40% position
Will add more as it unfolds
This is a short term - Medium term bet
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 Intraday ScalpingYou can buy TechM at 1209 or below this for intraday only. I suggest quick scalping for this stock either in 5 or 3 monute
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Opportunity Buy above 1100 stop loss 1075
Target 1-1124
Target 2-1148
Target3-1172
Target 4 + as per your patience
possible 4th wave in progress or 5th wave started in TechMseems like 123 waves are over and 4th wave is in progress or the 5th wave has started
After 13 months of consolidation !! TechM is breaking the rectanAfter 13 months of consolidation !! TechM is breaking the rectangle zone !!
Tech Mahindra range breakout pre-emptingtech mahindra in range from 22 august till now 28 june 2023
range is 999-1142 it has touched boundaries and the fall and rise happened
recent fall reverse from 1060 so i think now range breakout can happen
cmp 1108 sl 1060 above 1142 confirmation will be there
target 1284 and 1426
TECH M! Retest and Continuation?? Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum.
It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum.
Also, check out our opinion on the overall IT Sector.
What do you think??
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DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING. WE, LIKE EVERYBODY ELSE HAVE THE RIGHT TO BE WRONG :)
Fake BO in TECHM??!!!TECHM gave a breakout from the range and marked the price 1271 and trading back in the range looks like a Fake BO scenerio. I'll be accumulating it on every dip. For long position let it cross 1271.
Double Top breakdown in techmahindraTECH MAHINDRA
Key highlights: 💡⚡
✅On1hr Time Frame Stock Showing Breakdown of Double Top Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1070-.
✅Can Go short in this stock by placing a stop loss above 1150+.
Tech Mahindra is on a breakout from the rectangular patternTech mahindra is retesting the rectangular pattern and it about to Explode !
Buying range - 1150-1160
SL - 1070
Target - 1360 , 1575
with a great risk and reward ratio of 1: 5
