NSE TECHM & GRASIM: Tips and Update

TECHM: The Money Generator

Did you traded Tech Mahindra’s research report?
Click Here: NSE TECHM: Multiple Timeframe Analysis

BEFORE

TECHM was declining for five months by making corrective structure. According to a higher timeframe analysis, TECHM is bearish until it reaches the demand zone.

I have written in clear words,”If the price sustains below the lower band of the parallel channel. Traders can trade for the following targets: 1064 – 1006 – 995.”

AFTER

[13 June 2022]

• 13:15 PM – Price reached the first target of 1180.

[16 June 2022]

• 11:15 AM – Price hit the second target of 1006.

[17 June 2022]

• 9:20 AM – Price achieved the final target of 955.

If you have traded this setup, you could get a 19% return in just a month.

Will Grasim Reach The Final Target Of 1447?

Did you remember GRASIM’s swing setup?
Click Here: NSE GRASIM: Elliott Wave-Based Swing Setup

I have written in clear words,”If the price breaks out at 1353, traders can trade for the following targets: 1380 – 1420 – 1447. Breakdown of the parallel channel will make this trade invalid.

[7 July 2022]

• 9:15 AM – GRASIM reached the first target of 1380.

If you traded this setup, The first taregt could generate Rs.12850 / lot.