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PoojanShah

TECHM - Breakout Candidate. Buy for 1040 in short term.

Long
TECH MAHINDRA (NSE:TECHM)  
PoojanShah Updated   
NSE:TECHM   TECH MAHINDRA
Trend Analysis Chart Patterns Wave Analysis techmahindra breakout breakouttrading breakoutsignal
4
0
trendanalysis chartpattern waveanalysis techmahindra breakout breakouttrading breakoutsignal
The stock is trading near its strong support area and has given a breakout on 1 hour time frame.
Best Buy at 960 with a stop loss of 930 (Daily Closing Basis) and target of atleast 1040 in short term.
Risk/Reward (1:2.7)
Comment:
The stock has given a breakout with higher volumes indicating strength in the stock.
CMP 985 (+2.6%)
Wait for retest of trendline to enter again if missed the opportunity.
Trade active:
Almost near to our target of 1040.
Will hit our target in this week.
Trade closed: target reached:
Target achieved and closed the trade with some extra profits at 1070.
Gain of 11.45% in a 45 days.
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