Good price come with Bad News !! Q4 Earnings !! Tech Mahindra reports Q4 earnings.
Net profit at Rs 1,117.7 cr Vs Expection of Rs 1,275 cr
I will prefer to go long near 800/900 Zone for target of Life High with 1 year
TECHM trade ideas
Time to build position in Tech mahindra for long termI think bottom is in as 1000 is the strong support. Planning to build some position and see if it goes as per the plan. Bit risky as this share have been not having much momentum lately.
Tech Mahindra (TechM)NSE:TECHM As You See The Charts Are Back To Old Levels Of 2022. It's A Clear Buy For Short Term To Long Term. One Can Have A Stoploss Of 910 And Buy For It.
TECH MAHINDRA IN DEMAND !!!
Price hasnt shown violent downward moves here as compared to the other IT stocks, The Reward to Risk ratio been amazing suggesting to Buy!!!
ENjoy!!! Cheers!!!!
TechM: Inverted H&S Pattern - Bullish Pattern formationTechM has created inverted H&S pattern on hourly TF.
Confirmation can be done via a candle closing above 1115 level for target of 1145/1150
DISC: Please consult your advisor before any investment.
INTRADAY IDEA ON 13-04-2023in techm we will see ascending triangle pattren,after brakout and breakdown aftert the retest of that, we will enter in that trade, this content is basically uploaded on the educational and learning purposes only.
short position on TECHMMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
TECH M.THE IDEA WILL BE ONLY FOR STUDY PURPOSE .
wait for the breakout till then keep your eye on the stock .
TECH MAHINDRA--buytook support at 1100 today breakout channel support area likely to see buying and take the price to about 1165 area.
Channel BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
TECH MAHINDRA monthly range breakout PREMPTINGtech mahindra range breakout preempting
it index is strong and most negative news are priced in
on monthly basis its forming a marubozu candle
my sl is 940weekly closing basis
target 1277 1484
after falling forming range
on weekly basis range breakout has occur and this week i will be consider for confirmation if it closes above 1127 on weekly basis
Tech Mahindra change in trendTech Mahindra good chart
All the moving averages are merging
Stock gave a breakout!
TECH MAHINDRATech mahindra is trading at near strong support zone if it hold this zone then can expect a bullish move. this is the best zone for long term investment can start buying because this stock is already down by 44% from it's all time high.
A drop is possibleThe stock still looks bearish to me. In the event of pull back We will be looking to short at Supply zone
Reversal possible, Intraday setupSome of IT stocks showing some reversal pattern and same is happening with Tech M as well. The scrip has formed an Inverted HnS in 1 hour TF and we may see some bounce in this scrip. day trader can keep this scrip in radar.
Tech Mahindra Day chart of tech mahindra in which 940 is strong support and also this stock is in triangle pattern
TECHM Low Risk High Reward IdeaNSE:TECHM has been corrected 61.8% as per Fibonacci. I will be best to take entry at level of 993 with stop loss of 943 (-50 Points Risk Only).
Upside I can expect is 1067 & 1150. This could be low risk and high reward idea.
Note: This is my personal analysis, only for learning. Thanks.
TECHM - Demand Emerged near 900 in Jun'22This was after a 48% drop from 1750 to 900
Plan ahead => could consider to Buy above 1150
- and/ or Rejections near 700
PB 3x
PE 17x
ROCE 24%
DivYld 4%
