TradingSutra

TECHM: Correction ahead

Short
NSE:TECHM   TECH MAHINDRA
After a thrust from a triangular structure, stock has broken below the level where the triangle completed. It suggests that stock is going to have a larger correction. One should sell the stock on cmp or on any rise keeping SL of 1540 & look for the target of 1450/1350

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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