🟦 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.
交易進行
🎯 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.
交易結束：達到停損點
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