AbhishekHSinghCMT

TechM-Revisiting the fall from 515. Close to Target Zone 325-335

NSE:TECHM   TECH MAHINDRA
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Excited as TechM is close to target zone of 325-335 as expected in Jan2017 update. Putting down TechM 2016 Diary-Beautiful Picture Turns down from 500-510 Zone which has nested charts & updates how we moved in 2016.

Revisiting TechM as 6 months have passed in 2017.

Key Level- 447 Critical Level-515

This whole structure from the highs of 749 is almost opening as expected & taking shape of ABC or (W)-(X)-(Y) whatever you call them. In current position, it is running into (Y) leg.

(Y) leg measures 61.8% of (W) in the zone 325-335 which is the next possible expected zone of importance or if key level@447 is crossed in between & later critical level@515 then we will place (Y) leg to be completed & shall look for TechM beyond 750 highs in that scenario.

Short Term Trading
Short term trading wise any bounce should be used to sell for mentioned target zone of 325-335 once you have confirmation of seller in the counter.

Long Term Trading
Long term trading wise move beyond key level@447 & critical level@515 shall confirm that we are looking for 750+ target zone in months & years to come ahead.

Important milestones in 2017

Update - Act like a lawyer- turning from 442 -Heading for 405-407


Update - Lawyer won the case 442-410 -Bottoms & Morning Star Candlestick Pattern to push up again at 445


Update - Bang on Target -40 points & Block Hole Delivery@445



Update - TechM signs the initial- Can it bounce from 400-410 Zone


Update - School Bell Rings at 425 -Let him go back home to 405 -Seems it has gone for vacation - post results


Update - TechM 2016 Diary - Beatiful Pictures & turning moments of 2016


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
GREAT WORK BUDDY.. KEEP IT UP..

WOULD BE GREAT TO BUY MORE OF TECH M AT 335
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@MAYURSHAH444, Let us wait to see whether that becomes reality.
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MAYURSHAH444 AbhishekHSinghCMT
@AbhishekHSinghCMT, Hmmm Anything can happen in downtrend though i hope tech m reverses as am holding from 410 levels..how do u find this company long term fundamentally ??
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beautiful analysis of TechM, i've followed most of your posts on this stock... superb work... brilliant
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@smghasan7, Thanks & Welcome.
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