TechMahindra - Double Bottom

2023년 12월 10일

TechMahindra has made double bottom and once the neckline breaks we can expect a movement beyond 1550. How to trade:

Option 1: we can trade now as it is following 20EMI till the neckline i.e.1311 and then once it breaks the neckline we increase position size

Option 2: Let's wait till neckline is broken (conservative) and we can also wait once it breaks neckline and retest the same.

Other factors:

1. RSI above 60
2. MACD we can see improving
3. Tech stocks will see momentum especially large caps

"Clean Charts, Easy Charts"

Learning and Earning!!!

Cheers !!

2023년 12월 14일

액티브 트레이드

4%+ movement today..Price has almost reached neckline. A breakout will take upwards strongly..Cheers!!!

2023년 12월 30일

액티브 트레이드

Neckline has been broken and retest done. We can expect price to move upwards