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.
TECHM trade ideas
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
TechM a good buy betTechM is in a good support zone of HTF one can look for long term perspective as this is not a recommendation and tips though i have my persoal position in this stock.
Tech MahindraAt weekly timeframe, Tech Mahindra is standing at strong support around 1000 which is also a round number.
Also, 0.618 fib level, 200 EMA & POC Level present at same area.
If we look towards RSI, it's also showing techm is at oversold levels.
We can go long and add some long position in portfolio with a SL of 940.
Follow rules for profitability.
Thanks,
Sumit Thakur
Multi timeframe analysis - TECHMLet's understand multi timeframe analysis for NSE:TECHM . NSE:TECHM is closely following NSE:CNXIT .
Weekly TF -
CNXIT did a major rally after sudden fall in march 2020, made a strong base in early 2021 and then did another rally in second half of 2021. Price has been falling since January 2022 and now it has reached at a monthly/weekly/daily demand zone. Weekly RSI is also below 30 which indicates that it's heavily oversold.
TECHM chart looks very identical to CNXIT.
Daily TF -
There's a Bullish Hammer candlestick formed with a huge volume which could be a sign of trend reversal.
Price has formed bullish Bat/Alternative Bat harmonic pattern and is approaching Price Reversal Zone(D point - 925). Price could make 50% reversal from PRZ.
15 minutes/5 minutes TF -
Bullish RSI divergence has been seen on 15 minutes TF. Trendline resistance break and sustenance above it would confirm the bullish trend.
We have multiple confluences for NSE:TECHM trend reversal. Let's see how it plays out. Happy trading!
TECH MahindraTech mahindra has broken 50 EMA support in monthly time frame,
It could reach towards 100 EMA support in monthly time frame.
Tech mahindratech mahindra looking weak on weekly chart. next support area is base of accumalation zone. ie 914
TECHM sell for intraday tradingTECHM sell for intraday trading if stock and IT sector was also weak then we will short the trade....
Tech Mahindra support Hammer - BullishFundamental :
ROE > 20 %
Revenue Growth > 17 %
EBITDA > 12 %
Technical :
Hammer formed this week
SL : 1008
Target 1 : 1230
Target 2 : 1337
Target 3 : 1434
Target 4 : 1524
TECHM BOTTOMOUT-LONGAfter huge downfall expecting bounce from demand level
Purely for investment
key Levels are marked
NOTE
Am not Sebi Registered
All level marked for education purpose
VIEW ON Tech MahindraDISCLAIMER: There is no guarantee of profits or no exceptions from losses.
The technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
TECHM INSIDE-CANDLE SETUPif IT sector remain negative on monday we can track some good trade in techm shorting opportunity as per insidebar setup short below 1300 towards 1180 to 1150 for the first atrget then trail your profit if it breks 1300 level's. so keep an eye on techm for monday in IT sector.
NSE:TECHM
TechM @1259SUPPORT- 1225, 1150 (free fall below that)
PROBABLES INSHA'ALLAH AS PER FIBONACCI LEVELS.
Stock is trading at 32% discount from all-time high of 1838. Undervalued stock as compared to industry PE.
Tech Mahindra in Bearish Mode
Head & Shoulder Pattern forming in Weekly Chart, so Strong bearish signal.
It may reach the marked levels in the Chart.
TECHM - Tech mahindra LONGTECHM LONG
At good support levels, And at a medium term support levels. Can bounce and give good return.
Old idea gave great returns.
No recommendations.
Techm forming head and shoulder patternOn daily time frame Techm forming head and shoulder pattern.keep a close look on it
TECHM - Shark Pattern in PlaceThere is a formation of a shark pattern on the daily chart of the stock.
Currently stock is trading in the PRZ of the pattern.
We might see some pullback in the stock.
Short-term trade
Resistance: 1386- 1410
Support: 1290-1300
TECHM LONGCurrently at a very crucial support zone. If it bounces back from this level, it will be a good stock for the upcoming weeks.
If it completes the double bottom formation, we can also see it going above 1570 levels.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
TECHMAHINDRA sell for intraday tradingTECHMAHINDRA sell for intraday trading if IT sector also weak then we will enter in trade.......
Tech Mahindra short trade for swing Tech Mahindra is showing weak sentiment in accordance to general market.
You can short it for swing.
TECHM SHORTTECHM SHORT
Breakdown expected in short term.
Till line crossing levels.
No recommendations.
