UNDERDOG-29

cycle 5 beginning.

Long
NSE:TECHM   TECH MAHINDRA
looks like techm has completed primary wave 4 ascending triangle or ABC flat with wave c getting truncated and is breaking out of it.close above 1052 will confirm pattern completion.

longs can be initiated for one month time frame with a .618 extention tgt (1290) of cycle wave 1-3 from cycle wave 4 low for cycle wave 5.one can place a stop loss @ 945 on daily closing basis.

momentum wise stock is trading above it's 20 sma and rsi also showing strength

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