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 !!
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 !!
Transaction en cours
4%+ movement today..Price has almost reached neckline. A breakout will take upwards strongly..Cheers!!!Transaction en cours
Neckline has been broken and retest done. We can expect price to move upwards
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.