- We posted the initial analysis of Tech M on March 5th, 2023 which can be accessed below.
- Given that the price action changed with time, we decided to post the updated price action for the ease of our followers
- The chart is pretty self-explanatory
- The Price action is similar to that of NSE:WIPRO . The price consolidated for over a year and finally...
NIFTY IT Index has given a breakdown of the Inverted cup and handle pattern, thus making the IT sector weak and bearish.
Major IT stocks have given a breakdown. Example: Infosys, Wipro, Coforge, Mphasis.
This script has also broken out of a descending triangle pattern. This pattern is considered as one of the most aggressive patterns. If this breakdown is...
Tech Mahindra is forming a Cup and handle on the weekly,
an aggressive breakout from the flag can give a 30% move to the all time high
A potential multibagger.
If holding, this could be a good point to add.
If not, this place could be a good first entry
Drawn are the two green parallel lines on the chart. Lower being SL and upper is the figure above which to buy. Target open. Time candle 11:48 a.m. Adhere to this candle and buy only above high and sell below.
Disclaimer: I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any...
First things keep yo mind tech sector is pretty weak. Structure of stock is pretty good after reversing from supp line broked falling trend line. If sustain than it can give good return but keep first thing in yo mind above mentioned. Sector is weak it can impact stock too in simple it risky setup.it for education purpose only. am will not responsible for your any lose.
NSE:TECHM #TECHM | 🔥 Buy TechM Apr 1300CE | 🔥 50% - 100 % Upside Potential in CE
✅ Buy Level - Rs1230 - Rs 1250
✅ SL - Rs 1175
✅ Target - Rs 1299/1320/13601390
✅ Trading at the lower end of the Rising Channel
✅ Taking support at 200 Day SMA
Trade :-
✅ Buy Future
✅ Buy TechM Apr 1300CE - Rs 15-20
✅ Apr 1300 CE - CMP 20
Look at the chart for more information
Thanks
TECHM is at potential reversal zone . stock may go up or down .if closes below 1237.50 , exit the trade. if goes up minimum 10% can be expected. Risk is less..
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
this stock is falling now..
we have a strong support lies at 1200 range...in the form of trendline and neckline both are strong, multiple times price takes the help of trendline support...
Head and shoulders pattern is also detected in this stock price.
a strong breakout is observed from neckline...
so keep looking for long in this stock from neckline for the...
Setup is really good. on weekly time frame it formed cup pattern and gave break out of it now talking retest of that lvl with good pattern (falling trend line breakout). Technical are really good but fundamental are descent so that why I will say stock is bit risky so keep bit tight sl. Note: this is not any buy/sell recommendation.
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
This script is making a mirror pattern showing how history repeats itself.
Currently, it's available at cheap valuations and also, the stock would be benefited from the upcoming season.
The target price is 50% upside as per the charts.
Duration - 6 to 12 months.
Fundamentally good stocks
Tech Mahindra and Nokia Collaborate to Drive Enterprise 5G Private...
NSE:TECHM This stock has fallen a lot in the past and today broke an Important Resistance of a Consolidation.
Not only that, it also created a Trap Zone on the way. This stock should go up and give us a minimum of 10 to 15% Return on Investment in quick succession.
