TECHM trade ideas
BUY Tech Mahindra TARGET 599 and above CMP 495 1 month time BUY Tech Mahindra TARGET 599 and above
CMP 495
1 month time
TechM Medium Support 440 , Long term support 410 target 515Tech M Medium support at 440 , if it falls below that then long term support at 410 , it should bounce back from here
TechM reaching support level around 440 Target 515TechM reaches support level at 440 , i feel it will be up from here
TechmaHindra Perfect BO & Strong uptrend with Golden Crossover Target 560,583, Ultimate Target 750 SL470
Trendline Breakout - Tech MahindraTech Mahindra has given trendline breakout on weekly charts with rising volumes. ADX has turn positive on weekly charts. Stock has closed above all short term moving averages on weekly as well as daily charts.
One can initiate long position around 495-505 levels with stop loss below 449 on closing basis for target of 564-582 in next 8-10 weeks.
DNA STRATEGIES BUY SIGNALDAILY FINANCIAL WISDOM: It's a gambler's mindset to try and pick tops and bottoms. It's a professional's mindset to trade with the trend..
High Alert -- inverted head and shoulder please watch thisinverted head and shoulder please watch this -
once ca take risk above 476
tech mahindra reversal after double bottomtech mahindra reversal after double bottom on weeklt charts
TECH MAHINDRA explained in detailRED, 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
Technical Analysis Of Tech Mahindra ( TECHM ) - 9/29/2016It is not a good time to be a share holder of IT companies. We have outlaid reasons for IT stock softness earlier which you can check in earlier posts. Especially someone secondary player like Tech Mahindra it is going to be really tough going forward. If it has something in it, then it is time to show now. Technical picture is already clouded for the stock but once it starts playing with 400 level, worries start mounting. Because below 400, it will be a drop from the cliff. A 100 point drop after 400 can't be ruled out. Weakness in IT sector along with topped out general equity market doesn't bode well for the stock.
Please check the links for other posts related to Indian IT stocks.
Tech Mahindra Breaking Down Triangle Pattern on Mins ChartPrice action breaks out from a big triangle formation on 15 mins chart. Target - 455
Tech Mahindra can see lower levelsNSE: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 can come in. 510 levels can acts as a stoploss as well as resistance.
