NSE:TECHM This stock has fallen a lot in the past and today broke an Important Resistance of a Consolidation.
Not only that, it also created a Trap Zone on the way. This stock should go up and give us a minimum of 10 to 15% Return on Investment in quick succession.
Dear Followers,
I hope this message finds you well. I wanted to provide you with a brief update on the stock NSE:TECHM I have been monitoring.
It appears that the stock is approaching a potential resistance level Near 1340 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a...
Hi guys. Please correct me if I'm wrong. Is techm ready for a breakout? There is an important support here that's showing. Par correct me if I'm wrong.
Please note I'm learning and this is not a recommendation as you can see I'll the winner who is asking whether it is correct or not 😬😎😄
NSE:TECHM about to breakout golden zone 1320 in monthly timeframe.
It has created strong bullish trend over year with LL LH HL structures, recent breakout from 1235 level and given strong bounce with pullback near entry level 1235 .
Buy range 1221 to 1320, SL 1182.
Major targets levels are highlighted in blue lines.
The chart show support at 1098 with targets projected by the Trend based Fibo Extensions.
We have 2 Fibo extensions here.
1. Starts from 471.40 to 1838 and than placed at 943.70 for projections.
2. Starts from 943.70 to 1320 and than placed at 1098 for projections.
The Fibo projections are clearly visible on the charts.
With support at 1098 the Fibo...
stock at support 200 ema and also support on weekly time frame and closing green of weekly candle if continue ride then very good leval for risk reward ratio
📊 **Analyzing Candlestick and Heikin Ashi Patterns**
Tech Mahindra Ltd is currently under the spotlight for its promising candlestick and Heikin Ashi patterns, showcasing a compelling narrative for traders seeking strategic entry points.
📉📈 **Decoding Tick Strength: Daily and Monthly Insights**
- **Daily Momentum:** The daily chart unravels a Bullish trend,...
Tech Mahindra looks good for buy now as it has broken the recent resistance of 1180 and now moving towards next zone of 1311 in a bullish manner, the long term goal can be to hold it till the 1560 levels, as there is a gap near the zone which the price will try to fill out.
Breaking out from long consolidation from range supported by gud volume. also supported by key moving average 20 & 200 MA.
in this trade risk is limited but reward is very gud.
SL 950
first target 1530
In TECHM stock we can see trendline in Daily Timeframe (1D).
Right now stock is trading at price of 1175 Rs and the support of trendline lies on 1170 Rs.
Also according to the Fibonacci Retracement drawed from bottom to top the stock has broke the support of 0.382 which is at price 1240 Rs and now at trendline support.
One can plan short selling from here at price...
Stock Clearly downtrend
Make spinning top candle on chart bottom it means indicision.
Wait for confirmation downside or upside
Mostly probably downmove coming
Wait n watch ⌚
Macd Bearish
100 DEMA support.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
NSE:TECHM
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Stock Is trading near Resistance Range.
After the morgan stanly down grade of ratings , hoping it to come down to the range 1125 to 1010.
if it comes to those levels, Can be good entry point.
Then wait for breakout. Once breakout 2000 will come for sure.
Downside levels are marked by green support ranges.
Long Term 10 to 15 months.
