DOUBLE BOTTOM OBSERVED ON WEEEKLY CHART OF TECHM
ALTHOUGH TO BE DOUBLE BOTTOM IT MUST BREAK ITS NECKLINE i.e H2
PRICE SHOULD MOVE TOWARDS LEVEL 535-540
1) IF UNABLE TO CROSS THAT LEVEL THEN IT MAY AGAIN VISIT TO 407-405
2) IF CROSSED THAT LEVEL SUCCESSFULLY THEN IT WILL BREAK H2(HIGH 2)
Head and Shoulder Pattern on eicher motors daily chart followed by lower highs suggesting weakness should break it support level(20000) then may head towards
19k-18k.
SL should be slight above High2 (24000)
On 28-11-16 Glenmark made evening star pattern suggesting Bears got upper hand,from there on its in downside below 20SMA may test its recent support i.e 859
