This is just a trading discussion.
Today TECHM reversed from upper trend line indicating resistance at those levels also Higher high structure at 530 level was broken which gives us warning of short term trend reversal. So the overall bias turns to be negative. Today's High and low (marked on the chart) will play a crucial role in determining the direction. If high is broken with volume and price sustains at that level up movement will be fast. Red lines marked on the chart will act as support/resistance.
Today TECHM reversed from upper trend line indicating resistance at those levels also Higher high structure at 530 level was broken which gives us warning of short term trend reversal. So the overall bias turns to be negative. Today's High and low (marked on the chart) will play a crucial role in determining the direction. If high is broken with volume and price sustains at that level up movement will be fast. Red lines marked on the chart will act as support/resistance.
Kommentera:
Blue resistance lines are respected beautifully untill now. No trade unless those lines are breached along with good volume till then expecting sideways movement