sebin7tony

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

Long
NSE:TECHM   TECH MAHINDRA
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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

Comments

I think this will go down due to the negative divergence.
Reply
perfect set up
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