TechM - Signs the initials TM - Can it bounce from 400-410 Zone

Tech Mahindra- I am super excited as Tech Mahindra forms its initials on the price chart & looking at this & as I was even thinking about this logo(initials) for so many days, dopamine release in my brain -motivates me to write more & I say thank you to the community for their support.
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Also, In the Infosys update@13th May2017 - TechM & Infosys
We are standing at crossroads as TechMahindra Results on 26th May2017 so likely if TechM -1.46% -travels below 435 -it can move to 425-427 & below 425-427 for 405-407 (Important Support Zone ) mean time Infosys 1.20% could pass time sideways in the zone 945-965 -Till the time TechM -1.46% finishes it's job -if at all it activates downside as expected below 435.
Infosys update -

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Important Support Zone- 405-410 as it is key points which can be visualized in the update below -"Trading choppy E-wave of the Triangle"


Short Term Trading
While travelling downside from 442 -in between it formed 423 as rejection level so we take 423-426 zone as important from short term trading scenario or extends till 430 but surely If it goes above 430 then it needs a review. So, if prices comes in the zone 423-426 -holds or faces resistance & starts falling below 420- we will look for 405-410 target zone as mentioned above.

& Waves are fractal in nature which repeats so, from 515 downside we complete Red 1-2-3-4-5 Waves completing next larger wave-1 on higher degree chart.

Results on 26th May2017
So, larger wave 2 on higher degree will retrace the fall from 515 to 405-410 (which is still tentative) as we haven't seen the bottom yet so, cannot conclude at present but likely we should hold that zone of importance. Once bottom & company initials are in place -likely it pushes upside for 450+ target levels.
Also, corrective waves can be simple or complex- Trading internals going to be tough & can be a time consuming pattern.

Longer Term Trading
Expecting a push upside if 405-410 holds for good downside as we expect better results in TechM which can push it's prices in wave-2 on higher degree atleast for 450-470 zone. At 470-475 - The complete fall from 515 to 405-410 if happens is 61.8% approximate.

It was indeed a block hole delivery & it turned from 445-447 zone for expected range 405-410 target zone next as mentioned in the last update - "Block Hole Delivery at 445"

Larger View - Trading the choppy E-Wave within the triangle

Update - Act like a lawyer- candlestick & trendline combinations gave an awesome move downside

Update- Morning Star- Jesus & Satan - Ram & Ravana - Krishna & Kans

Trade active:

11:45 Hrs 23rd May2017

Last Price@416.50

TechM started the bounce as expected - we will move with the price expecting 423 -426 as next resistance zone & if extends 426 then 430

Trade active:

11:43 Hrs 25th May2017

Last Price@423

Day High kissed 424.50 in the zone 423-426 - Done & out for upside.