#TECHM 1040 Possible but shorts have higher RR

Dec 8, 2020

Very long term Channel, Again a co which as per me is investment class.
But one you observe that M marked on Weekly chart has TGT achived now almost 1.272 Fib extn of last leg of M -- which is harmonic pattern. Again I do not know if that is bat or crab or butterfly.
Keen observer may see similar M on daily just near first leg of M on weekly.

Accumulation seems to be good near 50% retrace from last leg which is around 712 or MA 50 levels.
Levels are determined by chart and tools. mine is just my view which is just one of the view.
neither a suggestion nor recommendation ---
practicing charts they way I understand and sharing for comments to learn more
TECHM