Date: 24 Nov 2020
TechM (CMP:882)
After a good price rise in the recent past stock was seen consolidating for a short period. During the consolidation the chart formed an Ascending Triangle Pattern. The volume can be seen increasing towards the buy side and RSI is at 62 levels. This is a good sign for buy in short - medium term.
Price Target: 965
Target date: 12 Jan 2021
T1 - 903, T2 - 934, T3 - 965; SL: 850
Profit Potential: 10% ~ 10.50%
TechM (CMP:882)
After a good price rise in the recent past stock was seen consolidating for a short period. During the consolidation the chart formed an Ascending Triangle Pattern. The volume can be seen increasing towards the buy side and RSI is at 62 levels. This is a good sign for buy in short - medium term.
Price Target: 965
Target date: 12 Jan 2021
T1 - 903, T2 - 934, T3 - 965; SL: 850
Profit Potential: 10% ~ 10.50%
Trade closed: stop reached