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Techmahindralong

TECHM: Ride the Wave to New Highs Overview: The 1-hour chart for Tech Mahindra Ltd. (TECHM) showcases a corrective Elliott Wave pattern (b, (B), (C) ) and highlights potential price movements, key levels, and target zones. Let's dive in! 🚀 Key Levels and Zones: Wave Analysis: The chart depicts a corrective wave pattern labeled as b, (B), and (C) . Wave b is currently in progress and expected to complete in the zone of ₹1,645–₹1,658 . 📉 Target Zones: First Target Zone: ₹1,785–₹1,795 🎯 Second Target Zone: ₹1,824–₹1,841 🎯 These levels are based on the completion of Wave (C) and represent potential upward targets. Stop Loss (Day Close): Suggested stop loss at ₹1,638 to manage risk in case Wave (C) fails to complete as anticipated. 🛑 Volume Analysis: Volume bars indicate trading activity and can confirm the strength of price movements. 📊 📈 Trading Plan: Entry: Consider buying within the Wave (C) completion zone: ₹1,645–₹1,658 . Expectation: Corrective wave completes in this zone, leading to upward movement. Targets: First Target: ₹1,785–₹1,795 🎯 Second Target: ₹1,824–₹1,841 🎯 Stop Loss: Place a stop loss at ₹1,638 to limit downside risk. 🛑 Short-term Trading Opportunity: These target zones are ideal for short-term swing trades or futures and options (FN) positions. Conclusion: This trading plan offers a strategic entry and potential profit zones based on Elliott Wave Theory. Monitor price action and volume closely for confirmation. Disclaimer: This analysis is for educational purposes only. Conduct your own research or consult a financial advisor before trading.
NSE:TECHMLong
by LiveTradingBox
Tech Mahindra - Long Setup (Swing Trade)Tech Mahindra has confirmed a breakout above the entry zone, setting up for a potential swing trade. Here’s the trade setup: Entry Price: 1654.85 (Confirmed after the 15-minute candle broke above the entry zone at 1640.25 ) Target: 1785.05 Stop Loss: 1567.85 (Stop loss will be triggered if a daily candle closes below this level) With the entry price confirmed at 1654.85 , the setup offers a favorable risk-to-reward ratio. The stock is targeting a move toward 1785.05 , with a well-defined stop loss at 1567.85 for risk management. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
NSE:TECHMLong
by gupshupblog
TECHM - **Navigating Opportunities: A Technical Outlook📊 **Analyzing Candlestick and Heikin Ashi Patterns** Tech Mahindra Ltd is currently under the spotlight for its promising candlestick and Heikin Ashi patterns, showcasing a compelling narrative for traders seeking strategic entry points. 📉📈 **Decoding Tick Strength: Daily and Monthly Insights** - **Daily Momentum:** The daily chart unravels a Bullish trend, accentuated by a Bullish Continuation Heikin Ashi Pattern. This signals a positive short-term outlook, hinting at potential opportunities for nimble traders. - **Monthly Fortitude:** The monthly landscape paints an even more robust picture, featuring a Strong Bullish sentiment. A Bullish Heikin Ashi Pattern, coupled with noteworthy trading volume, underlines a sustained and formidable long-term uptrend. 🎯 **Pinpointing the Sweet Spot: Demand Zone 1172.05 - 1177.70** Within the intricacies of the charts, a strategic buying opportunity emerges within the demand zone, ranging from 1172.05 to 1177.70. This zone acts as a magnet for potential buyers, creating a favorable entry window for astute traders. 📈 **Strategic Move: Buy Within the Range with Stop Below 1171** To capitalize on the potential ascent, traders are urged to consider entering the market within the specified range of 1172.05 to 1177.70. Risk management is key, and setting a stop-loss just below 1171 serves as a protective measure against unforeseen market shifts. 🚀 **Seizing Opportunities with Tech Mahindra Ltd** Tech Mahindra Ltd not only showcases favorable technical indicators but also offers a strategic entry point within a defined demand zone. Traders navigating this landscape should remain vigilant, stay abreast of market dynamics, and be ready to adapt their strategies as needed. 📈🚀 Happy Trading! 🚀📈
NSE:TECHMLong
by ruelfernandes
Tech Mahindra looking +ve for a take off....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 is 1093.60. Negative aspects of the company are declining annual net profits, declining cash from operations annual, FIIs are decreasing stake, promoter holding decreasing. Positive aspects of the company are no debt. MFs are increasing stake and zero promoter pledge. Entry after closing above 1103. Target of the call will be 1141 and 1163. Long term targets in the stock will be 1196 and 1230+. Stop loss in the stock should be maintained at closing below 986.
NSE:TECHMLong
by Happy_Candles_Investment
Tech Mahindra Trend AnalysisPrice is nearing accumulation level as per the Head & Shoulder pattern technical target. Sound fundamentals with almost zero debt will make it soar in next bull run. Good to accumulate around 850-920 levels for the following targets: Short term swing target @ 1275 (43% ROI with 4.28 R:R) Medium term swing target @ 1620 (82% ROI with 8.1 R:R) Long term positional target @ 2200 (147% ROI with 14.5 R:R) Stop loss @ 800 Do your own due diligence before taking any action. Peace!!
NSE:TECHMLong
by Swastik24
TECHM looks good for upside momentumHey guys! The few last stocks I gave have all the target except ICICI bank which is still consolidating. This TECHM was bought to us on right time today by one of our member of the small group of traders and I also analysed it & it definitely looks good to me too. All the info for buying has been provided in the chart above along with the targets, this can also be done in Intraday tomorrow. BUY ABOVE: 1555 Target:1575 and above as in charts, one can also aim for ATH(all time high) RSI supporting MACD showing bears retreating Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:TECHMLong
by this_is_shoaib
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