Tech Mahindra Limited
Long
Updated

Tech Mahindra LTD - Trendline + Descending Triangle Breakout

295
๐Ÿ“Š Script: TECHM (TECH MAHINDRA LIMITED)
๐Ÿ“Š Nifty50 Stock: YES
๐Ÿ“Š Sectoral Index: NIFTY IT / NIFTY 500
๐Ÿ“Š Sector: Information Technology
๐Ÿ“Š Industry: Computers - Software & Consulting

Daily timeframe Trendline + Descending Triangle Breakout.
snapshot

Weekly timeframe Trendline + Descending Triangle Breakout.
snapshot

Key highlights: ๐Ÿ’กโšก

๐Ÿ“ˆ Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
๐Ÿ“ˆ MACD is going to give crossover.
๐Ÿ“ˆ Double Moving Averages crossover yet to come.
๐Ÿ“ˆ Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
๐Ÿ“ˆ Current RSI is around 56.
๐Ÿ“ˆ One can go for Swing Trade.

โฑ๏ธ C.M.P ๐Ÿ“‘๐Ÿ’ฐ- 1090
๐ŸŸข Target ๐ŸŽฏ๐Ÿ† - 1185
โš ๏ธ Stoploss โ˜ ๏ธ๐Ÿšซ - 1061

โš ๏ธ Important: Always maintain your Risk & Reward Ratio.

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Trade closed: target reached
Note
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