As per the previous update shown below - "TECHM: Tripple Correction to End@451. 30" - we were having a view that TECHM looks to finish this correction once it starts moving above 476.50 but look how smartly 476.50 acted as resistance- In prior sessions TECHM tried crossing 476.50 but made a email@example.com which was slightly below 476.50A key level for us -Vow & TECHM took a U-turn & made a firstname.lastname@example.org & bounced again taking support of blue trendline.
Last Traded at 462.50
Any long positions are to be taken only above 476.50 or if you see any support from blue trendline.
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
I am very clear in trading -unless key levels are breach I don't enter a pair -how ever fascinating it might look. I was very clear with 476 levels as well -Its falling exactly from 475. Telling how much will it go is always tough, but yes -let me come back to you on the same.
Be very clear in trading key levels only (whenever that level is taken out-otherwise its always possible to get trapped in the market).