Tech Mahindra Consolidates in a Wedge After Strong Support at Ke

155
Topic Statement:
TechM has been stuck in a consolidation zone, rebounding from strong support levels and forming a wedge pattern that may signal an upcoming breakout.

Key Points:
* The stock corrected up to the 30% Fibonacci retracement level, finding strong support around 1314
* It touched the 200-day moving average, which acted as a support and triggered a rebound
* The candlestick formation resembles a wedge, clearly marked on the chart with blue trend lines, indicating potential for a decisive move ahead

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.