AbhishekHSinghCMT

TechM- Sideways to Positive Bounce

Long
AbhishekHSinghCMT Updated   
NSE:TECHM   TECH MAHINDRA
15
There is a support zone getting formed between 460-462- till that zone is intact, we will look for a bounce close to 485-490 zone going above 474 & sustains above that level.

Previous Analysis
Hold your nerves till 477 is broken

TechM 2016 Diary- How it moved in the year 2016
Trade active: 14:17 Hrs 25th Jan2017

Last Price@464

It had a fall just below 474 from 473.75 to day's low- level of 474 acted superb.
Trade active: 15:35 Hrs 30th Jan2017

Closing price@472

Bounced from 461 -Wow!!!

Trade closed: target reached: 12:12 Hrs 31st Jan2017

Last price@450

TECHM kisses 484 as suggested & falls sharply down to 450 --Started down be careful.

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

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