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TECH MAHINDRA -- have we decoded it ??

Discussion in 'Technical Analysis' started by raja_praveen, May 1, 2017.

  1. raja_praveen

    raja_praveen Champion

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    Tech mahindra chart is attached ... I saw a half completed W pattern and I am not sure whether it fulfils or not. If it is to be believed in this pattern ., then Tech M has to correct some more upto 400-405 region and will bounce back for TGT of 420/440... with in a week (or) will bounce back at the level for TGT of 450

    Actually in this pattern if we have to enter a trade we have to enter when it is bouncing back and catch the stock at 415-425 levels for TGT of 440..

    Its a watchout trade and we will observe... Member comments are most welcome

    TECHM.png
     
    raja_praveen, May 1, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    W is a great pattern but I would like to see couple of green candles in the leg up to assume the bottom is in place
     
    shabbir, May 2, 2017
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  3. abdul_shafique

    abdul_shafique Member

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    Hi Praveen, is there any update now we can say that on the basis of your analysis W pattern. Even today we got a close above 420. Also we have seen green signal too. Please provide some more light.
     
    abdul_shafique, May 8, 2017
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  4. raja_praveen

    raja_praveen Champion

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    Hi as we are waiting for W pattern last leg completion in TECH M , would like to post with the chart as of date.
    So one can expect a target of 35 rupees from 410 .. so our TGT may be 429/444
    happy trading

    TECH M .png
     
    raja_praveen, May 8, 2017
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  5. abdul_shafique

    abdul_shafique Member

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    Seriously I am so happy post joining this group..... Getting knowledge, buying share on right time, making some profits. Special thanks to Praveen jee for sharing such decode.
     
    abdul_shafique, May 10, 2017
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  6. raja_praveen

    raja_praveen Champion

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    TECHM11.png
     
    raja_praveen, May 12, 2017
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  7. raja_praveen

    raja_praveen Champion

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    TECHM222.png
     
    raja_praveen, May 12, 2017
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