Tech Mahindra - Gap Analysis

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The price analysed in daily and monthly time frame.

Gap Analysis - the news based gap created in stock and price reversed to fill the gap. As mentioned in chart, now gap level acting as support and price closed above 200 ema.

Monthly Chart - the fib level acting as support & resistance and volume strength visible in chart.

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Thanks
-AJ

Disclaimer - The chart analysed for educational purpose only.
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runaway gap filled.
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domino effect 🙃
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opportunity to accumulate as stock at support level with stop loss of 7%
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bullish candle from support level at Rs 980.
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gap filled.

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Retest and Tweezer Candle.

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breakout in Tech M, safe entry at retest confirmation.

If someone did the bottom fishing, definitely enjoying the return of 20% on positional basis.

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