TECHM trade ideas
Tech M Swing and intraday BetIntraday & Swing : If breach PDH i.e 738 it will go to 745, 750 above 750 760++ also possible SL 720 . Any Breakout above a white line i.e demand zone 750 with volume can drag this to 800+ keep an eye.
NSE:TECHM Sell For 07 Dec 2018NSE:TECHM sell initiate for 07 Dec 2018 using 30 minutes chart based on Fibonacci levels,
check below Sell level :
Sell Below : 694.45
Stop Loss : 697.55
Target : 690.55
TECHM - W PATTERN BREAKOUT + CONSOLIDATIONTECHM
CMP 732
Long suggested ONLY above 753-755 levels.
Stop 695
Target Open
Logic:
Daily chart W pattern with volumes rising in tune with price rise and dropping during retracements.
Currently price consolidating with drop in volumes.
TechM, Ascending TriangleBullish stock and bullish industry segment. Price is constantly taking support at 50 DMA during correction/profit booking. An Ascending Triangle is visible. Bulls are closing in on the price in this formation of the classic pattern which means corrections are becoming smaller by day. On breakout target can be new highs beyond 755-760. SL is a must.
TechMahindra, Rounding BottomA Rounding Bottom pattern being formed. It has yet to trigger. If it triggers, target can be 50 points from here.
TechM, SupportPrice is taking support close to the breakout level. So holding the same, price can see fresh upside. This setup of long trade makes the SL quite small. Target can be the earlier high.
TechM, Breakout704 has been the tough challenge and price tried to breakout this resistance in vain. Support lines are visible. Larger trend remain up.
