TechMstock was rangebound for 1 year. Major player in AI technology. upside levels marked. no SL as every 100 pts dip must be added. Positional Pik only
TECHM trade ideas
TECHMAHINDRA - BOX CONSOLIDATION BREAKOUT PLUS 200 MA SUPPORTTECHMAHINDRA
Everything is clearly mentioned on the chart it self.
BOX CONSOLIDATION BREAKOUT PLUS 200 MA SUPPORT ON WEEKLY CHART.
As I am writing this the market is highly bullish and global market sentiment is also highly bullish.
Thank you.
Chart of the week!Tech Mahindra has formed head and shoulders and given breakdown somewhere in April. Since then the stock is in down trend and corrected around 48% since its all time high . In last few months, however, it has successfully done consolidation and make a bullish wedge trend reversal. It came to my attention last week, however, the breakout was not looking sustainable. This week it has confirmed then breakout, hence, I am recommending it for medium to long term investment. Now we can expect the up trend and eventually it should test it's all time high again.
The CNX IT index gained whooping 4% or 1300 points in today itself so I am very much positive on the whole IT stocks. An Investor should keep a deep stoploss of 1000 as the company has a reputed management.
CMP - 1228 (14/7/23)
T - 1370, 1800 W
SL - 1125 W
Tech Mahindra Ltd57 weeks Consolidation
980 - Strong support
Targets in chart
Market Cap
₹ 1,14,358 Cr.
Current Price
₹ 1,174
High / Low
₹ 1,175 / 965
Stock P/E
23.7
Book Value
₹ 287
Dividend Yield
2.74 %
ROCE
22.5 %
ROE
17.6 %
Face Value
₹ 5.00
Promoter holding
35.2 %
EPS last year
₹ 49.6
EPS latest quarter
₹ 11.5
Debt
₹ 2,740 Cr.
Pledged percentage
0.00 %
Net CF
₹ 267 Cr.
Price to Cash Flow
20.5
Free Cash Flow
₹ 4,603 Cr.
Debt to equity
0.10
OPM last year
14.6 %
OPM 5Year
16.6 %
Reserves
₹ 27,484 Cr.
Price to book value
4.12
Int Coverage
20.8
PEG Ratio
4.04
TECH MAHINDRA 1D TIMEFRAMETECH MAHINDRA 1D TIMEFRAME,
tech mahindra 1D timeframe analysis, see this chart and watch this level.
almost 411 days techmahindra is range so brackout time coming soon wait this level brack.
Resistance- 1140-1162 Is Resistance Zone.
Brake Resistance zone
Next target- 1301 TO 1330
open your eyes bcoz net target is boom so mark your chart this level.
happy trading
Tech Mahindra : What's Next for the IT Giant?The Tech Mahindra stock price has been consolidating in a range for the past few months. However, the recent price action suggests that the stock is poised to break out to the upside.
Tech mahindra signal bullish breakout, Symbol: Tech Mahindra (TECHM) Timeframe: Daily
Technical Analysis:
Since May 25th, the price of Tech Mahindra (TECHM) has been exhibiting a sideways price action, consolidating within a defined range. This period of consolidation can be seen as a sign of accumulation. The stock has formed clear support around 1015 Rs Peventing any substantial downward movement. Similarly, resistance has been established near 1149 Rs capping the upside potential for the time being.
The prolonged sideways movement suggests a build up of energy within the stock, hinting at a potential breakout in the near future. Traders and investors should keep Tech Mahindra on their radar for a potential bullish breakout.
Key Observations:
Sideways Price Action: Tech Mahindra has been trading within a range since May 25th, with limited upward or downward movement.
Support and Resistance Levels: Notable support has formed near 1015 while resistance is holding firm around 1149
Bullish Breakout Potential: The current sideways price action suggests that the stock is accumulating energy for a potential breakout to the upside.
Trading Strategy:
Given the possibility of a bullish breakout, traders can consider the following strategies:
Breakout Entry: Enter a long position once the price closes above the resistance level 1149 This would confirm the bullish breakout and potentially lead to further upward momentum.
Target Levels: Consider setting profit targets based on key resistance levels or by using technical indicators such as Fibonacci extensions or previous swing highs.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading stocks involves risk, and it is important to conduct thorough research and analysis before making any investment decisions.
Swing Trade opportunity in TechMahindraAnalysis: 1 hour Range breakout in TechMahindra. Also the stock has closed above 200Ema on daily candle close.
One can trade as per the long position mentioned on the chart with 1:2 Risk Reward Ratio.
Note: This information is for entertainment purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Tech Mahindra break the resistance level.Nature of stocks: Tech Mahindra has traded within the price range of 980 to 1146 since June 6, 2022, It has recently broken out above the upper limit of 1146 on the weekly timeframe. This breakout suggests that there is a higher potential for the stock to reach the price range of 1360.
Confirmation :
1. Break out the one-year resistance line. (weekly time frame)
2. Swing High and low forms daily time frame.
3. 9 EMA crossover 50 and 20 EMA.
Note: We must wait until the current week and candlestick confirmation.
2 Scenarios will happen.
1. The market will reach the price range without correction or retracement.
2. The market is expected to experience an upward trend followed by a minor retracement before ultimately reaching the target.
TechM at breakout levelTechM is at breakout level. On day candle it is above 200 EMAs and 1160 level where multiple earlier attempts were made. Once above this, it will be Bullish. Good to buy and hold once crosses this current level and hold.
Tech Mahindra- A Good Stock in underperforming IT sectorKeep This On Your Radar....beautiful consolidation Of around 12 Months...this setup has beautiful RR If it breaks above 1165 and build your trade best on your RR. Put your SL based on your risk, below 1050 it will become weak.
Do your own analysis before investing; this is just an idea not recommendation. This is just my view & a step towards learning chart patterns & trading
Tech Mahindra udde ga ya dude ga??🤔First things first sorry for not being active on trading view becoz of job pressures but now, I will try to post regular analysis so today, I came up with analysis of tech Mahindra. However consolidation is going inside the chart of Tech Mahindra and there is one saying for consolidation which is "CONSOLIDATION IS NEXT STEP OF A BIG MOVE" so we all will try to catch that move. If it breaks 1168-70 will go for buying and if it breaks 975-978 then will sell tech mahindra but be careful if it breaks 975-78 levels becoz what I see is there is a support around 910-913.
TECHMIt is coming out of good consolidation hence it may be looked for long. NIFTY IT is also taking support in ratio chart so it can give good upside in coming weeks.
TECHM- Consolidation 1 year Daily/weekly/monthlyView-Sidesways to bullish
The stock is consolidating between 1150 to 980 lvls. However this time it has taken support near .5 Fib levels. which are near 1061-1075. This makes high probabilty of going upside.
If it holds around 1135-1110 for next 1-2 weeks we may see a strong up side for 1300+ 1400+ 1500+
This analysis is only for learning and educational purpose. Please manage your risk accordingly.
TECHMAHINDRA - NSECo website- www.techmahindra.com
India's 6th largest IT company-- Communication, Media & Entertainment, Retail & CPG, Healthcare & Life Science, Banking & Financial Services, Transport, Hospitality & Logistics and Manufacturing & Utilities
150000 professionals across 90 countries, market cap 1.1lc cr ( $13.5 BILLION ) , 10% Sales growth yoy, virtually debt free, 64% free float.
Inr - usd trading @ 82, future results to benefit from forex flux. Bet you know someone who works there ;)
Setup is clean, money punted in. LFG
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 looking strongConsolidating since months.
Sharp rise expected.
Tested local support.
Tested QML on LTF
TECHMwe are looking TECHM Bullish move rapidly
Disclaimer:
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TECH MAHINDRA BULLISH SETUPFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
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TECHM-Look for at @1020-1035Observations:
----> Trendline Broken. May again retest to trendline.
----->> Strong Rise from Previous Support, leaving a demand zone @1020-1035 range.
------>> Bearish gap may be fill.
Tech Mahindra LongNSE:TECHM
Gain: 20%
Duration: 3 months
*Not a financial advice to buy or sell. Do your own research.
My charts speaks louder than words.
I'm a chartist. I paint charts.
Tech Mahindra buyTech Mahindra is at support level
Higher chance to move upto 1100 level
Increase in volume and best buying opportunity
Strong support at 1000 level.
Good price come with Bad News !! Q4 Earnings !! Tech Mahindra reports Q4 earnings.
Net profit at Rs 1,117.7 cr Vs Expection of Rs 1,275 cr
I will prefer to go long near 800/900 Zone for target of Life High with 1 year
