🟦 TECH MAHINDRA (TECHM) – Weekly Structure Turning Positive
Tech Mahindra is showing positive price action on the weekly chart, especially after Infosys results, indicating improving sentiment in the IT space.
📊 Technical View
• Weekly structure improving
• Strength visible post-earnings reaction
• Rounding bottom formation in progress
• Key trigger: Break & sustain above ₹1732
• Above 1732 → rounding bottom breakout, opening bigger upside
💰 Trade / Positional Plan
• CMP: ₹1670
• Stop Loss: ₹1560
• Targets:
• ₹1732 (near-term trigger)
• ₹1807
• ₹2080 (rounding bottom pattern target)
📌 Approach
• Prefer staggered entry
• This is a patience trade, not a chase
• Global cues + IT sentiment improvement support the structure
• Position sizing discipline is key
⚠️ Clarification:
This is an independent analysis. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees – shared purely for educational purposes.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
✅ If 1732 goes, structure turns decisively bullish. Stay patient.
Tech Mahindra is showing positive price action on the weekly chart, especially after Infosys results, indicating improving sentiment in the IT space.
📊 Technical View
• Weekly structure improving
• Strength visible post-earnings reaction
• Rounding bottom formation in progress
• Key trigger: Break & sustain above ₹1732
• Above 1732 → rounding bottom breakout, opening bigger upside
💰 Trade / Positional Plan
• CMP: ₹1670
• Stop Loss: ₹1560
• Targets:
• ₹1732 (near-term trigger)
• ₹1807
• ₹2080 (rounding bottom pattern target)
📌 Approach
• Prefer staggered entry
• This is a patience trade, not a chase
• Global cues + IT sentiment improvement support the structure
• Position sizing discipline is key
⚠️ Clarification:
This is an independent analysis. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees – shared purely for educational purposes.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
✅ If 1732 goes, structure turns decisively bullish. Stay patient.
Trade active
🎯 TECH MAHINDRA (TECHM) – Weekly Breakout ConfirmedTech Mahindra has decisively crossed ₹1732 and is now trading at ₹1755, confirming the rounding bottom breakout on the weekly chart.
📊 Key Levels
• CMP: ₹1755
• Supports: ₹1732 / ₹1560
• Upside Targets: ₹1807 → ₹2080
📌 View
• Structure now bullish
• Momentum supported by improving IT sentiment
• Trade requires patience & disciplined sizing due to global volatility
⚠️ Independent technical view. No part of Religare involved.
📉 Not SEBI-registered. Do your own research.
✅ Above 1732, bias remains positive.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.