The 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...
📊 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...
TechM is falling out of the channel ? Could this be change in the movement . Yesterday's movement is very strong.
Nifty IT getting ready for a breakout.. Look for your fav stocks for swing trade.. Am long in TECHM and INFY
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 5 min 15MIN first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
Tech 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 is near the lower trend line, we can short it if it goes below 1075. Target around: 1069. Stop loss of 1-2 Rs.
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 30 min 1H first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
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 now forms harmonic pattern, this junction is a good buying opportunity bcz risk reward is good, in short term we expect 1100 levels
Price 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...
TechM 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.
At 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
We may see Tech Mahindra rise further. Up to 1146 by the 30th of May
Fundamental : 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
After 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