Tech M looks all set to run towards ATH 840s... ! A supply at 780-800, beyond ATH it can be an another 200 points more. SL for this is around 735-745.
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On basis of Gap up Entry wait for right time to go Long, it will work.
Short - Tech Mahindra Trend line break down Target - 713
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TECHMAHINDRA is showing a bearish divergence on the RSI indicator. It is forming higher highs in the chart and forming lower highs in RSI thus indicating a bearish divergence, also it has shown a negative MACD crossover in the 1 hour time frame,thus giving a sell signal. First target would be of 724 and my stoploss would be at 763.
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
Short Term Cash Buy TECHM @724.50-728.5 SL 713.6 TGT 753 Ichomoku cloud break out + TK cross over + MACD cross over + above VWAP
#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 VWAP with crossover took place at 680 and its in uptrend since then now there is resume of uptrend with followed by MACD cross over.
there is a gap on the donward journey....which may in all probability be covered tomorrow. support and resistances for long trades are given... this stock has the capability to go against the market....so trade wisely.... good luck
TECH M One can buy above 703 tgt of 760 & 840 .Techm facing stiff resistance at 690 to 700 zone. Once that broken heavy shortcovering rally will push in to 760 zone. Above 700 it may turn to Ultrabullish.Buying advisable only above 703 only not below priced
if sustain 700 then we can expect 5-10 points if you want you can trail
TECHMAHINDRA: 16TH AUG 20: TRIPLE BEARISH CONFIRMATION: A. REVERSE HAMMER CANDLE IN DAILY CANDLE B. IT TOUCHES AND REVERSED THE UPPER BOLLINGER BAND. C. WE CAN SEE EVEN THE RSI DIVERGENCE TOO.
tech mahindra levels and targets for tomorrow, one can long above 681 for levels as per the chart HAHAHAHAHAHAH LET'S GO JAI HIND!!!!!
TECHMAHINDRA A GOOD BULLISH STOCK FOR SWING TRADE EVEN RSI ALSO SHOWS DIVERGENCE IN PREVIOUS 2 CANDLES