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.
Comments
Ankumar2016
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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
WaveTalks
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I can understand your situation. Regards
Ankumar2016
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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
WaveTalks
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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).
Kind regards,
Anand Kumar