Stock range breakout after long consolidation.
Price above 20 50 100 200 DEMA.
Desclaimer- only for education purpose.
Don't recommend any buy or sell call this stock.
TECHMAHINDRA
Everything is clearly mentioned on the chart it self.
BOX CONSOLIDATION BREAKOUT PLUS 200 MA SUPPORT ON WEEKLY CHART.
As I am writing this the market is highly bullish and global market sentiment is also highly bullish.
Thank you.
Tech Mahindra has formed head and shoulders and given breakdown somewhere in April. Since then the stock is in down trend and corrected around 48% since its all time high . In last few months, however, it has successfully done consolidation and make a bullish wedge trend reversal. It came to my attention last week, however, the breakout was not looking...
TECH MAHINDRA 1D TIMEFRAME,
tech mahindra 1D timeframe analysis, see this chart and watch this level.
almost 411 days techmahindra is range so brackout time coming soon wait this level brack.
Resistance- 1140-1162 Is Resistance Zone.
Brake Resistance zone
Next target- 1301 TO 1330
open your eyes bcoz net target is boom so mark your chart this level.
happy trading
The Tech Mahindra stock price has been consolidating in a range for the past few months. However, the recent price action suggests that the stock is poised to break out to the upside.
Symbol: Tech Mahindra (TECHM) Timeframe: Daily
Technical Analysis:
Since May 25th, the price of Tech Mahindra (TECHM) has been exhibiting a sideways price action, consolidating within a defined range. This period of consolidation can be seen as a sign of accumulation. The stock has formed clear support around 1015 Rs Peventing any substantial downward movement....
Analysis: 1 hour Range breakout in TechMahindra. Also the stock has closed above 200Ema on daily candle close.
One can trade as per the long position mentioned on the chart with 1:2 Risk Reward Ratio.
Note: This information is for entertainment purpose only and please do your own research and consult your financial advisor prior to taking any action.
If you...
Nature of stocks: Tech Mahindra has traded within the price range of 980 to 1146 since June 6, 2022, It has recently broken out above the upper limit of 1146 on the weekly timeframe. This breakout suggests that there is a higher potential for the stock to reach the price range of 1360.
Confirmation :
1. Break out the one-year resistance line. (weekly time...
TechM is at breakout level. On day candle it is above 200 EMAs and 1160 level where multiple earlier attempts were made. Once above this, it will be Bullish. Good to buy and hold once crosses this current level and hold.
Keep This On Your Radar....beautiful consolidation Of around 12 Months...this setup has beautiful RR If it breaks above 1165 and build your trade best on your RR. Put your SL based on your risk, below 1050 it will become weak.
Do your own analysis before investing; this is just an idea not recommendation. This is just my view & a step towards learning chart...
First things first sorry for not being active on trading view becoz of job pressures but now, I will try to post regular analysis so today, I came up with analysis of tech Mahindra. However consolidation is going inside the chart of Tech Mahindra and there is one saying for consolidation which is "CONSOLIDATION IS NEXT STEP OF A BIG MOVE" so we all will try to...
It is coming out of good consolidation hence it may be looked for long. NIFTY IT is also taking support in ratio chart so it can give good upside in coming weeks.
View-Sidesways to bullish
The stock is consolidating between 1150 to 980 lvls. However this time it has taken support near .5 Fib levels. which are near 1061-1075. This makes high probabilty of going upside.
If it holds around 1135-1110 for next 1-2 weeks we may see a strong up side for 1300+ 1400+ 1500+
This analysis is only for learning and educational...
Tech Mahindra Ltd is the multinational information technology and consulting company. It is a part of Mahindra group having operations in over 100 countries leveraging next generation technologies including 5G, Metaverse, Blockchain, Quantum Computing, Cybersecurity, AI and many more. It ranks among the top 7 IT brands globally with AA+ rating.
Tech Mahindra CMP...
