TECHM - Above 545 - towards 595-615
TECH MAHINDRA - still Weak Major support for the stock comes around 400 levels.
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...
Here is my Intraday Trade setup in Tech Mahindra..
pin at resistance Sell below 834 with 840 for 829-826
Flag n pole: buy above 795 with sl 781 for 811
TECHM CMP 732 Long suggested ONLY above 753-755 levels. Stop 695 Target Open Logic: Daily chart W pattern with volumes rising in tune with price rise and dropping during retracements. Currently price consolidating with drop in volumes.
The long-term trend is completely intact and unchallenged. However, on the near term the outlook is a bit tiresome; bearish divergence and the lack of significant new highs suggests buyers are exhausted and a correction is around the corner. Tighten stops on existing longs or cover all together. New buying can be done if/once a deeper correction has occurred and...
hi, CLosing above or near 398 - 399 range buy for said target
TechM reaches support level at 440 , i feel it will be up from here
RED, BLUE and GREEN line already described on the chart. Close above blue line in coming session may bring a confirmed pull back...minimum of 10 to 12 % can be expected from CMP 433.95
NSE:TECHM ...Tech Mahindra Is under pressure due to BREXIT and Relative weakness in IT sector. Though the Quarterly results were fairly in line with analysts expectations, Sector weakness and BREXIT could lead TechM to lower levels. Technically TEchM is in Multitimeframe bearish trend. I expect levels of 450 over next few months before any significant support...