TECHM: Combination of BullishHARMONIC, Ichimoku Kinko Hyo & FIB.
Tech Mahindra : As per "Ichimoku Kinko Hyo"
Tenkan-sen (Trigger / Conversion line) turn to Upward Direction
& Kijun-Sen (Base line) turrn to Dnward Direction, thus Gap decreased.
Witnessing Range Bound UP side, Where Kijun-Sen (Base line) Treat as RESISTANCE.
H-L analysis signals Breakout AS RANGE Decreasess.
VOL also suggests not much DN Side.
Tenkan-sen (Trigger / Conversion line) turn to Upward Direction
& Kijun-Sen (Base line) turrn to Dnward Direction, thus Gap decreased.
Witnessing Range Bound UP side, Where Kijun-Sen (Base line) Treat as RESISTANCE.
H-L analysis signals Breakout AS RANGE Decreasess.
VOL also suggests not much DN Side.
Note
Tenkan-sen (Trigger / Conversion line) nearer Kijun-Sen (Base line)At the time of Post (05 May 2017) Value of
Tenkan-sen (Trigger / Conversion line): 445.05 & Kijun-Sen (Base line): 428.975
GAP: 445.05 - 428.975 = 16.075
NOW after 12 May 2017
Tenkan-sen (Trigger / Conversion line): 433.5 & Kijun-Sen (Base line): 427.5
GAP: 433.5 - 427.5 = 6.000.
After Crossover more Upside Will be there.
Also Consider price Nearer to CLOUD.
Next Levels to Watch:
Intraday (i.e Monday): @ 445.7, @ 449.8, @ 451.5
Weekly: @ 456.5, @ 461.6, @ 465.6, @ 472.5, @ 475+
HAPPY TRADING.
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