AbhishekHSinghCMT

TECHM- How 476.50 Acted as Resistance

NSE:TECHM   TECH MAHINDRA
2
I shall be out for the day.

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 high@474.70 which was slightly below 476.50A key level for us -Vow & TECHM took a U-turn & made a low@455.10 & 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.


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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