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

25 Apr 2023

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.

26 Apr 2023

Catatan

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.

27 Apr 2023

Catatan

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.

28 Apr 2023

Trade aktif

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.

29 Apr 2023

Trade aktif

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.

3 Mei 2023

Trade aktif

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

8 Mei 2023

Trade aktif

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

22 Mei 2023

Trading ditutup: target tercapai

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