TECHM - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.1

Tech Mahindra (TECHM) shows a moderately bullish setup for intraday trading today, supported by strong volume, positive momentum indicators, and favorable price action. Here's a breakdown of the optimal strategy

📈 Intraday Trade Setup

🔹 Momentum & Volume

Volume Spike: Current volume (22.8 lakh) is ~65% higher than the 1-week average, indicating strong intraday interest

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MACD: Positive at 7.08, suggesting bullish momentum.

RSI: At 59.6, nearing overbought but still in a tradable zone.

🔹 Price Action

Current Price: ₹1,551 is above both 50-DMA (₹1,523) and 200-DMA (₹1,544), confirming short-term strength.

Support Zone: ₹1,540–₹1,545 (DMA cluster)

Resistance Zone: ₹1,565–₹1,580 (recent swing highs)

🎯 Trade Strategy

✅ Optimal Buy Price

Entry Range: ₹1,545–₹1,552 (preferably on dips with volume confirmation)

💰 Profit-Taking Levels

Target 1: ₹1,565

Target 2: ₹1,580–₹1,585 (if momentum sustains)

🛡️ Stop-Loss

Exit Below: ₹1,535 (break below DMA cluster invalidates bullish setup)

🕒 If Already Holding Today

📌 Exit Triggers

Volume Fades: If volume drops below 15 lakh by mid-session, consider unwinding.

RSI Divergence: If RSI starts falling while price rises, exit near ₹1,565.

MACD Flattening: Watch for histogram contraction or bearish crossover.

Price Rejection: If price fails to hold above ₹1,545 or forms lower highs on 15-min chart, exit.

TechM is not a high-volatility stock, but today's setup favors a disciplined intraday trade with tight risk management. Want help tracking this live or comparing it with peers like Infosys or Wipro?

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