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...
📊 **Analyzing Candlestick and Heikin Ashi Patterns** Tech Mahindra Ltd is currently under the spotlight for its promising candlestick and Heikin Ashi patterns, showcasing a compelling narrative for traders seeking strategic entry points. 📉📈 **Decoding Tick Strength: Daily and Monthly Insights** - **Daily Momentum:** The daily chart unravels a Bullish trend,...
Tech Mahindra looks good for buy now as it has broken the recent resistance of 1180 and now moving towards next zone of 1311 in a bullish manner, the long term goal can be to hold it till the 1560 levels, as there is a gap near the zone which the price will try to fill out.
Price is now at resistance zone, and turned to be bearish side.. On the other side we have a bearish channel, every trendline on bearish channel tries to push the price upside... the last trendline is stronger that will take the price again upwards.. wait until price falls below these line and retrace... if failed to go higher a strong fall will observe.
Observations: ----> Trendline Broken. May again retest to trendline. ----->> Strong Rise from Previous Support, leaving a demand zone @1020-1035 range. ------>> Bearish gap may be fill.
I think bottom is in as 1000 is the strong support. Planning to build some position and see if it goes as per the plan. Bit risky as this share have been not having much momentum lately.
Price hasnt shown violent downward moves here as compared to the other IT stocks, The Reward to Risk ratio been amazing suggesting to Buy!!! ENjoy!!! Cheers!!!!
NSE:TECHM has been corrected 61.8% as per Fibonacci. I will be best to take entry at level of 993 with stop loss of 943 (-50 Points Risk Only). Upside I can expect is 1067 & 1150. This could be low risk and high reward idea. Note: This is my personal analysis, only for learning. Thanks.
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...
Currently 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...
Yesterday techm trendline drawn failed. Descending triangle pattern is a bullish signal if it breaks out the pattern. It can give a good upmove before it breaks the triangle.
On an hourly time frame it is respecting 0.618 (golden level) of fibonnaci retracement. Its forming a desending triangle pattern on 30 minutes time frame. A bullish breakout may give a good move.
Above VWAP with crossover took place at 680 and its in uptrend since then now there is resume of uptrend with followed by MACD cross over.