Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

NSE TECHM – High Confidence Research Report

Free nse techm weekly chart calls

Free nse techm weekly chart calls

Timeframe: Weekly

TECHM has made a high of 1838 and completed the impulsive wave (5). It is the ending point of an impulsive wave that marks the beginning of a corrective wave. After the breakdown of the base channel, the price has stated an ABC correction.

TECHM has accomplished an impulsive wave at 943.7 with 2.618% reverse Fibonacci of wave (B) and 1.618% of wave (A). Wave (C) occurred nearby the previous sub-wave 4th at 943.

The current price movement is near the recent high of 1164, which represents a resistance level. This level should not be ignored if you have taken a long position. 1164 -1196 is a strong resistance zone that can abrupt upward momentum.

If the price breaks this range, swing/Positional traders can buy for the following targets: 1262 – 1360 – 1436+. Breaks out of the previous high suggest start of an impulsive wave, but the range breakout will be a strong evidence for an impulse. 

Free nse techm weekly head and shoulders calls

Timeframe: Weekly

Price has accomplished head and shoulders at the buildup zone. This level will work as crucial support in case of a trend reversal. After this, TECHM broken out resistance line and moving towards recent high.

Most traders use 7, 14, and 21 week EMA to analyze the weekly time frame. Price has broken out 21-week moving averages on weekly basis.This signals bulls are preparing to outnumber bears.

free nse techm daily chart calls

Timeframe: Daily
For Day traders:

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips

Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
Stock market certified investment advisor(s) for Moneymunch. They're a regular guest on popular online channels and writes for several newspapers and financial journals. Who has studied charts for over 20 years, and they have black magic of the share market.

Visit here: Premium Stock Tips →
Join Today (Free): Stock & Nifty Tips

3 Comments

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

//
//
Live Chat
< 4 min wait
//
Get a callback
<10 min wait

Chat with us on WhatsApp

Send this to a friend