Tech Mahindra LTD - Trendline + Descending Triangle Breakout

๐ Script: TECHM (TECH MAHINDRA LIMITED)
๐ Nifty50 Stock: YES
๐ Sectoral Index: NIFTY IT / NIFTY 500
๐ Sector: Information Technology
๐ Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.

Weekly timeframe Trendline + Descending Triangle Breakout.

Key highlights: ๐กโก
๐ Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
๐ MACD is going to give crossover.
๐ Double Moving Averages crossover yet to come.
๐ Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
๐ Current RSI is around 56.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 1090
๐ข Target ๐ฏ๐ - 1185
โ ๏ธ Stoploss โ ๏ธ๐ซ - 1061
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat๐
Happy learning with trading. Cheers!๐ฅ
๐ Nifty50 Stock: YES
๐ Sectoral Index: NIFTY IT / NIFTY 500
๐ Sector: Information Technology
๐ Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: ๐กโก
๐ Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
๐ MACD is going to give crossover.
๐ Double Moving Averages crossover yet to come.
๐ Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
๐ Current RSI is around 56.
๐ One can go for Swing Trade.
โฑ๏ธ C.M.P ๐๐ฐ- 1090
๐ข Target ๐ฏ๐ - 1185
โ ๏ธ Stoploss โ ๏ธ๐ซ - 1061
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat๐
Happy learning with trading. Cheers!๐ฅ
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Nota
AROUND 6% RETURNS IN 2 DAYS.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.
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.