AbhishekHSinghCMT

TECHM- A lesson to be taken home as a wise trader (T.T.)

NSE:TECHM   TECH MAHINDRA
195 5 2
T.T. - Traditional Trendline

There is always a lesson to be taken home & become a more wise trader rather than playing for small movements. Here is the lesson which TECHM             offered us

When I came up with a tripple correction sequence unfolding in the stock few days back -I was very clear in my plans that we should look to buy TECHM             only if it goes above 476.50 -Why?

Reason
There is a trendline which is passing from top & falling in a downward direction- first we should likely get the breach of the trendline- to confirm that the running fall is done & out.

Second key levels like 476.50 in this case was extremely important to be taken out for further confirmation -why, I will call this as the critical level because it was almost falling on the trendline

Outcome
TechM             just went very close to 474.70 Highs & took You turn in downside direction & have been falling since then- Last traded at 446- the way it is falling -its clearly indicating that TECHM             could even go further down.


Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
good after noon ji what is view on techmah at current levels?
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Thanks a lot friend ! It is really great that you not only share just directions/predictions but you also share your experience/lessons which is very important !! Thanks again!
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Welcome. I also learnt same way. Hence, I believe that everyone should learn a lesson from markets everyday-this will turn you into a more wise trader. Regards
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hareesh_hrk AbhishekHSinghCMT
thank you very much
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Welcome
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