Its an structure on the weekly chart of TechM- as suggested -look for selling at ((e))-wave once completed. Beautiful Picture- turns down from 500-510 zone post completing ((e))-Wave.
507 is an important level or resistance -not to be taken out in recent coming sessions- 507 if taken out on upside, then structure violates- in that case I shall come back.
Going below in the zone 400-405 or below the B-D line confirms that triangle is in place@507-E wave.
Going below double bottom- Shall look for C-wave at 61.8% of A-wave which comes in the zone 325-335 ( A-wave distance is 748 to 458) - That will be likely targets post confirmation.
This is how we moved in 2016 & some important lessons-shown below
In all below charts- click within charts & use load bar feature
14th Sep2016---B-wave triangle with missing e-wave-Weekly Chart
14th Sep2016--Tripple Correction to End@451.30--4 Hour Chart
22nd Sep2016--How 476.50 acted as resistance
26th Sep2016-- A lesson to be taken home as a wise trader
23rd Nov2016-- E-wave in progress of triangle
27th Nov2016-- What an E-wave - Boom
Look what happened to TechM. As expected in Jan2017. TechM to touch 325-335 -It made a recent low of 355 likely still open on downside to kiss the zone of 325-335.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Perfect , Thanks for the response