TECHM is a Large Cap company operating in IT Software sector.
Rangebound for almost half a year.
As per technical's, Bearish Harmonic pattern in play.
The last candle, seems to be taking support at fib 0.236 level.
Similarly, It got rejected at Point D of Harmonics, The price might stall or reverse.
If Point D breaks out, The next levels to eye on will be 1044 and 1073 for reversal.
Short term fluctuations can be anticipated as the trend will further move towards the resistance of the range.
Rangebound for almost half a year.
As per technical's, Bearish Harmonic pattern in play.
The last candle, seems to be taking support at fib 0.236 level.
Similarly, It got rejected at Point D of Harmonics, The price might stall or reverse.
If Point D breaks out, The next levels to eye on will be 1044 and 1073 for reversal.
Short term fluctuations can be anticipated as the trend will further move towards the resistance of the range.
