There is a very high probability short setup for Tech Mahindra on Monday
REFER CHART FOR DETAILS
TechM at key level, with two probabilities can it give a breakout or the ending of cup can begin the handle cycle? Longs only above 750 the trendline close
#TECHM #TECH #MAHINDRA Tech Mahindra Ltd. CMP: 732.6 Target: 765 / 810 SL: 699 If you like my work, kindly LIKE SHARE & FOLLOW for latest stock recommendations. :)
Above 545.75 Will Be A Buy For Swing Trade
TECHM - Above 545 - towards 595-615
TECHM - BUY ON DIPS Support @550 INITIAL Target @630
- Huge Weekly Supporting Trendline - After Selling pressure, the stock entered consolidation zone. - Big volumes came in to this consolidation suggesting that it was accumulation. - Seems to have made the FIRST HIGHER LOW - Observing HIGHs & LOWs on lower Time Frame to time the Entry. - Any dip appears to be a BUY - Buying here could mean buying at the...
TechM is trading in range of 500 to 540, any breakout above 540 may see the stock moving upto to 600 or breakout below may see selling till 470. But 470 is the strong support for the stock
TECH MAHINDRA - still Weak Major support for the stock comes around 400 levels.
TECHM - if sustains below 500, can move to 490/480/470 levels. But incase if bounces from lower level Band support, then can go up and 1st resistance will be 530. Crossing 530 levels ... we can see good upside.
The Volatility has been very narrow. Expecting Breakout tomorrow. Based on Trend go for Long or short
Mostly downtrend....Do not go long.. Short below 520.5, tgt 1- 510, tgt 2 - 491... If price opens below 512, short @ 510 , tgt 491 No long until price reaches above 540, tgt till 580...or follow pivot points.... If price opens gap down and reaches around 490 levels, go long with tgt as pivot points till 520 max...
TECHM (Tech Mahindra Ltd) BUY ABOVE 785
TECHM (Tech Mahindra Ltd) BUY ABOVE 766