sebin7tony
Long

TECHM : Will it move upward when all nifty going to down !!

NSE:TECHM   TECH MAHINDRA
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2
54 2
General trend is bullish and it moves in a contracting channel. It tested the lower bound of the channel multiple times and bounced from it. Last candle bounced back with relatively good volume from the march 20th low confirming that buyers are still interested in 604 levels.

This trade will get invalidate once it breaks the lower bound of the channel.

Target : 650
SL : 602
Trade active
I think this will go down due to the negative divergence.
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perfect set up
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