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TECH MAHINDRA LTD

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TECHM trade ideas

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
NSE:TECHMLong
by AbNamjoshi
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
NSE:TECHMLong
by madhu2811
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.
NSE:TECHMLong
by TRADING-NASA
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. If you like this Idea, Please do like my ideas and share it with your friends. To further connect check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:TECHMLong
by rkinspiro1
2
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.
NSE:TECHM
by Guru7208
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.
NSE:TECHM
by investorragnarok
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
NSE:TECHMLong
by EVOQUE5000
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.
NSE:TECHMLong
by Happy_Candles_Investment
TECHMwe are looking TECHM Bullish move rapidly Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:TECHM
by Kaviarasu_Chandrasekar
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. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NSE:TECHMLong
by Profitlio_Trading