TECHM- How 476.50 Acted as Resistance

٢٢ سبتمبر ٢٠١٦

I shall be out for the day.

As per the previous update shown below - "TECHM: Tripple Correction to End@451. 30" - we were having a view that TECHM looks to finish this correction once it starts moving above 476.50 but look how smartly 476.50 acted as resistance- In prior sessions TECHM tried crossing 476.50 but made a high@474.70 which was slightly below 476.50A key level for us -Vow & TECHM took a U-turn & made a low@455.10 & bounced again taking support of blue trendline.

Last Traded at 462.50

Any long positions are to be taken only above 476.50 or if you see any support from blue trendline.