Tech Mahindra - Buying in the Demand Zone (Support Area)

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Stock has been in a range for a while. Idea is to build a position in the demand zone and sell at the resistance area.

Stock and sector have face pessimism hence it is a contra call trade. Follow SL with Discipline and Exit as soon as it hits.

Disclaimer - Please take positions as per your risk appetite and I am not responsible for any profit or loss.

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ملاحظة

People building positions can look for Gap fill target at 1070 1090 levels.
2nd TGT can be near 1105-1115
Last TGT will be near the supply zone.

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ملاحظة

Results are out. If we see a large gap down build position and keep a strict SL.
This is a contra call trade hence be very disciplined with SL.
Not a trade for the light hearted.

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تم فتح الصفقة

Tech M is in its Demand zone Start Accumulating with SL of 915 and TGT already given. Ideal buy price was 972 but we can not always get ideal buy price.

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تم فتح الصفقة

A good Move seen on the stock post negative results. The buyers have stepped in right from our demand zone. Lets see if the buyers are able to push prices higher.

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تم فتح الصفقة

Stock has almost touched our Gap fill TGT of 1070 to begin with.

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تم فتح الصفقة

Trade is still in our favor. Update SL to below 975 Levels to save and protect capital.

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أغلقت الصفقة: تم الوصول للهدف

We hit the targets given on this stock. Pure demand and supply mechanism.