Tech Mahindra Limited
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TECH MAHINDRA Wiiting for Breakout

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The idea here is about TECH MAHINDRA

Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:

1. Bat Pattern Completed on a weekly chart.
2. Waiting for Breakout of Falling Wedge or Downtrend Pattern .
3. Resistance on 20 EMA tested on weekly chart.
4. MACD Crossed over Signal on weekly chart on 8th Aug 2022.
5. RSI is at 42.89 on a weekly Chart.
6. Keep in mind CNXIT to break the resistance @ 30475 to 30560.
7. Current market under consolidation.
Some Add on Info : Equities saw 17 Number of large deals on 19th Aug 2022, and also Company Acquired its 2 South African Joint ventures.

Targets : Estimates based on Bat pattern provided on the chart for reference.

Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.

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Cheers.
交易开始
SL @ 1048.00
交易开始
Broken Out of Trendline
交易结束:到达止损

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