AbhishekHSinghCMT

TECHM- How 476.50 Acted as Resistance

NSE:TECHM   TECH MAHINDRA
96 4 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
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Thank you for your suggestion Abhishek sir,.. however i have been expected bounce back to 476 level once it was touched at 455.5.. so I had confusion upon... i caught up wrong side i bought at 455 .. better to exit tomorrow morning thanks for your reply sir.

Kind regards,
Anand Kumar
Reply
I can understand your situation. Regards
Reply
Hi Abhishekji,

now it's fall down below 451.5, still how much fall we can see in further trading session or it will bounce back to 476 Zone?

Please advise.

Kind regards,
Anand Kumar
Reply
Hi Ankumar

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).
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out