TECH MAHINDRA now forms harmonic pattern, this junction is a good buying opportunity bcz risk reward is good, in short term we expect 1100 levels
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...
TechM is in a good support zone of HTF one can look for long term perspective as this is not a recommendation and tips though i have my persoal position in this stock.
At weekly timeframe, Tech Mahindra is standing at strong support around 1000 which is also a round number. Also, 0.618 fib level, 200 EMA & POC Level present at same area. If we look towards RSI, it's also showing techm is at oversold levels. We can go long and add some long position in portfolio with a SL of 940. Follow rules for profitability. Thanks, Sumit Thakur
Fundamental : ROE > 20 % Revenue Growth > 17 % EBITDA > 12 % Technical : Hammer formed this week SL : 1008 Target 1 : 1230 Target 2 : 1337 Target 3 : 1434 Target 4 : 1524
After huge downfall expecting bounce from demand level Purely for investment key Levels are marked NOTE Am not Sebi Registered All level marked for education purpose
if IT sector remain negative on monday we can track some good trade in techm shorting opportunity as per insidebar setup short below 1300 towards 1180 to 1150 for the first atrget then trail your profit if it breks 1300 level's. so keep an eye on techm for monday in IT sector. NSE:TECHM
Head & Shoulder Pattern forming in Weekly Chart, so Strong bearish signal. It may reach the marked levels in the Chart.
TECHM LONG At good support levels, And at a medium term support levels. Can bounce and give good return. Old idea gave great returns. No recommendations.
There is a formation of a shark pattern on the daily chart of the stock. Currently stock is trading in the PRZ of the pattern. We might see some pullback in the stock. Short-term trade Resistance: 1386- 1410 Support: 1290-1300
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...
TECHM SHORT Breakdown expected in short term. Till line crossing levels. No recommendations.
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.
NSE:TECHM hit a fresh all time high when the overall market is very weak. It gave a breakout from a rising wedge pattern. Look to enter at CMP if it breaks the day's high. Enter with rest of the position once stock retraces. Possibility of a fakeout is very high but the IT sector is the only sector outperforming in Indian markets. Stock is also good for long...
Yesterday institutional zone combined with price action. there are more stocks which respected the levels, we have updates few for reference
The stock broke its short term support in today's session with the Big Bear candle having good volume. Now, sustaining below 1695, the stock could move towards 1550-1530 in the coming trading sessions. Disclaimer : not a recommendation to trade
Breakout in TECH MAHIDRA in Daily Timeframe. Note: The ideas are only for educational purposes and not buy/sell recommendation. I am not SEBI registered.