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TECH MAHINDRA LTD

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TECHM trade ideas

TECHM: Ride the Wave to New Highs Overview: The 1-hour chart for Tech Mahindra Ltd. (TECHM) showcases a corrective Elliott Wave pattern (b, (B), (C) ) and highlights potential price movements, key levels, and target zones. Let's dive in! 🚀 Key Levels and Zones: Wave Analysis: The chart depicts a corrective wave pattern labeled as b, (B), and (C) . Wave b is currently in progress and expected to complete in the zone of ₹1,645–₹1,658 . 📉 Target Zones: First Target Zone: ₹1,785–₹1,795 🎯 Second Target Zone: ₹1,824–₹1,841 🎯 These levels are based on the completion of Wave (C) and represent potential upward targets. Stop Loss (Day Close): Suggested stop loss at ₹1,638 to manage risk in case Wave (C) fails to complete as anticipated. 🛑 Volume Analysis: Volume bars indicate trading activity and can confirm the strength of price movements. 📊 📈 Trading Plan: Entry: Consider buying within the Wave (C) completion zone: ₹1,645–₹1,658 . Expectation: Corrective wave completes in this zone, leading to upward movement. Targets: First Target: ₹1,785–₹1,795 🎯 Second Target: ₹1,824–₹1,841 🎯 Stop Loss: Place a stop loss at ₹1,638 to limit downside risk. 🛑 Short-term Trading Opportunity: These target zones are ideal for short-term swing trades or futures and options (FN) positions. Conclusion: This trading plan offers a strategic entry and potential profit zones based on Elliott Wave Theory. Monitor price action and volume closely for confirmation. Disclaimer: This analysis is for educational purposes only. Conduct your own research or consult a financial advisor before trading.
NSE:TECHMLong
by LiveTradingBox
TECHM Swing tradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:TECHMShort
by OptionCallPro
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:TECHM
by AnsariTV
Tech Mahindra - Long Setup (Swing Trade)Tech Mahindra has confirmed a breakout above the entry zone, setting up for a potential swing trade. Here’s the trade setup: Entry Price: 1654.85 (Confirmed after the 15-minute candle broke above the entry zone at 1640.25 ) Target: 1785.05 Stop Loss: 1567.85 (Stop loss will be triggered if a daily candle closes below this level) With the entry price confirmed at 1654.85 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1785.05 , with a well-defined stop loss at 1567.85 for risk management. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
NSE:TECHMLong
by gupshupblog
Tech mahindra (strongest in it)Tech mahindra is showing strength in this weak market it will be the first stock to run immediately after market condition improved. Keep an eye on this stock for break out above 1673. its target will be very high. sl will be very small which is 1560. this is positional trade first target will be All time high. and second target will be near 2700 within one year. if war situation in middle east eased. it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
NSE:TECHMLong
by DEVA435
TECHMSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:TECHM
by zenthosh
SWING TUTORIAL - TECHMIn this tutorial, we try to understand how and why the stock NSE:TECHM started going upward and how we can find the best entry while reading charts. The stock had started forming a Support at 1000 levels at June 2022 and since been retesting the same level again up to April 2023. During the same time we can observe how the MACD levels consistently kept moving upwards. This indicated that momentum was gaining and it slowly starting to turn bullish. Once the MACD finally made a successful crossover after close to 52 weeks in April 2023, this is where our Entry got created. Eventually slowly making its way right up to the Swing High levels. This trade is still in play and will probably retest its Swing High levels in the coming weeks. And if the MACD line and signal are still as split away from each other as they are on the monthly timeframe, this could also breakout from the Swing High levels and going all the way further. What do you think about this Tutorial? Would you like to more such Tutorials in the future? Give your comments in the Comments Section below:
NSE:TECHMEducation
by thepranam
TECHM S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:TECHM
by zenthosh
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:TECHM
by AnsariTV