TECHM trade ideas
Buy opportunity in Tech MahindraBuy Tech Mahindra for the target 1150 to 1160 and keep stop loss around 1035. You can see those target within 20 to 25 days.
Tech mahindra (swing trade )tech mahindra likely to give breakout for up side and just wait for smart money to come and give a high probability trade
TECHM has a target of 1419stock is at hotspot support of
1.white PF median
2. LM of yellow PF
3.yellow AVWAP
4. blue trend line.
End of 4th minor cycle and start of 5th wave..
likely target 1419(w5=w1)
TECH MAHINDRA Wiiting for BreakoutThe idea here is about TECH MAHINDRA
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Bat Pattern Completed on a weekly chart.
2. Waiting for Breakout of Falling Wedge or Downtrend Pattern .
3. Resistance on 20 EMA tested on weekly chart.
4. MACD Crossed over Signal on weekly chart on 8th Aug 2022.
5. RSI is at 42.89 on a weekly Chart.
6. Keep in mind CNXIT to break the resistance @ 30475 to 30560.
7. Current market under consolidation.
Some Add on Info : Equities saw 17 Number of large deals on 19th Aug 2022, and also Company Acquired its 2 South African Joint ventures.
Targets : Estimates based on Bat pattern provided on the chart for reference.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
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#Techm cash : Looks good sell around 1044-1045#Techm cash -Positional call
18.09.2022
Sell on rise @ 1044-1045
Stoploss 1060
Target 1012/986
Cmp 1033.20
Tech Mahindra LTD - Trendline + Descending Triangle Breakout📊 Script: TECHM (TECH MAHINDRA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Tech Mahindra ready for up move!Tech Mahindra broke a trendline and forming a cup and Handel pattern in 1D TF. Targets might be achieve in this week due to strong Breakout. Its just my idea trade with your confirmations too.
#Techm cash : Looks good above 1135.10#Techm cash -Positional call
11.09.2022
Looks good above 1135.10
Stoploss 1100
Target 1190-1200/1240
Cmp 1126.65
TechMTechM is falling out of the channel ? Could this be change in the movement . Yesterday's movement is very strong.
TECHM - Head and Shoulder pattern All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only educational purposes and not a trading recommendation.
Tech mahindraTech Mahindra daily chart have ascending triangle pattern. If this ascending triangle patter breakout upward then it will be good opportunity to go long on this stock.
Breakout level = 1103 - 1105
Target = 1290 / 1300
Stop loss = 2% below breakout level
Tech Mahindra - Trade setup 23-August-2022Tech Mahindra is near the lower trend line, we can short it if it goes below 1075.
Target around: 1069.
Stop loss of 1-2 Rs.
Short Idea for TECHMStock is made a down move and now pulling back to previous resistance. Pull back is very weak and candle on Friday 19th is good signal to sell. if goes opposite. i will add at 1140 . SL will be open a strong cross of 1150 will be SL
Long entry in mahindra Good trand formation wait for the break out and it's clear indicate top pull back the market reaction its best stock to invest because fundamentals is awesome my target is its ner to the 1350 to 1500
TECH MAHINDRA - NeutralTech Mahindra will be interested to watch its move in next week as it has been consolidating for long time in a short range. Today also it closed the candle above 1046 which is strong resistance. If it crosses convincingly than it may touch the TGT - 1143. Since RR is in favour after seeing next few days can be taken a position with SL - 978.
TECH MAHINDRA LEVELES ... D Candle (27.07.2022)TECH MAHINDRA now forms harmonic pattern, this junction is a good buying opportunity bcz risk reward is good, in short term we expect 1100 levels
Tech Mahendra It is stocks was faced correction in some of month
Now it is stock reversal happens and double bottom pattern show up there so this stock chances go to up side.
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!!
TECH MAHINDRA - SHORT below 950, Target 800Currently Tech Mahindra is at a strong support of Fib retracement of 61.8 and round figure of 1000. There are other Fib points of confluence from 1000 to 975. So to be on a safer side, short when price closes below 950 to target 800.
Less likely scenario, alternatively, if u r already invested at high levels, hold if the price stays above 950
