TECHM trade ideas
Has #TECHM made first Higher Low? If so, big move ahead possibly - Huge Weekly Supporting Trendline
- After Selling pressure, the stock entered consolidation zone.
- Big volumes came in to this consolidation suggesting that it was accumulation.
- Seems to have made the FIRST HIGHER LOW
- Observing HIGHs & LOWs on lower Time Frame to time the Entry.
- Any dip appears to be a BUY
- Buying here could mean buying at the beginning of new Uptrend.
- After Entry, you could consider trailing Stop Loss With EMAs (I use an EMA rainbow) on a smaller swing time frame (I trade 30 min).
All the best!!
TrendMentioned in the chart. No possible resistance below 532. May test "21 SMMA" before hitting target
TECHM - TRENDLINE BREAKOUT FOR NEXT RESISTANCE = 550TECHM - TRENDLINE BREAKOUT FOR NEXT RESISTANCE = 550
TECHM continues to be bearishWhen most of the IT stocks are going from strength to strength, TECHM continues to show weakness.
The above graph is ratio of TECHM vs NIFTY which is nothing but relative strength of TECHM w.r.t. NIFTY 50 index.
As can be seen ratio has broken below its support level and continues to stay below it.
So view for TECHM continues to be bearish.
Trade ideas:
Can short TECHM with stop above 555.
If already short, hold your short positions.
Write Call options of strike 550 and above.
TECHM Short after break of 495TECHM support(500) is tested multiple times and close below 495 in 15min chart can trigger short.
TechM trading in range ofo 500-540TechM is trading in range of 500 to 540, any breakout above 540 may see the stock moving upto to 600 or breakout below may see selling till 470. But 470 is the strong support for the stock
TECH MAHINDRA - still WeakTECH MAHINDRA - still Weak
Major support for the stock comes around 400 levels.
TECHM - below 500 - can go to 470TECHM - if sustains below 500, can move to 490/480/470 levels.
But incase if bounces from lower level Band support, then can go up and 1st resistance will be 530.
Crossing 530 levels ... we can see good upside.
Sell Tech mahindra @515 To 518 sl 522 minimum target 480 and maxSell Tech mahindra @515 To 518 sl 540 minimum target 480 and iT is sell on rise sector so sell and wait for max target which will give after confirmation
Tech Mahindra stock to watch out tomorrow The Volatility has been very narrow. Expecting Breakout tomorrow. Based on Trend go for Long or short
TECHM Intraday for 6th Apr 2020Mostly 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...
Tech Mahindra - Bearish Bias - Can Short at current levelsTech Mahindra - Bearish Bias - Can Short at current levels
TECHM @ TRIPLE TOP LOOKING BEARISHDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
TECHM | Double BottomThe stock broke above the neckline of the double bottom pattern. With high volume pushing it to the upside and 50D EMA acting as strong support, the stock is very likely to go long.
Initial Target of 835This stock is making higher highs and Higher Lows on monthly charts. if it breaks 835 it may go further highs.
TechMahindra PA Quasimodo Level - Waiting As per Price Action Analysis I see a powerful QM level waiting in near future to touch for a good retracement.
I guess it may retrace all the way to 600-620 level to form a double bottom pattern in Future.
TECHM LONG TREND IN TRENDING CHANNEL I LIKE THE WAY ITS TRENDING IN A CHANNEL
AND HIGHER TIME FRAME LOOKS BULLISH
