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Wednesday, April 9, 2014

9-4-2014 - TECHM



            TECHM has closed at Rs. 1750.15 /-. TECHM has given a decisive breakdown with big red bar of 3.10 %. When NIFTY has made its all time high of 6847, this stock has closed 3 % down which clearly indicates that short term down trend will continue for some more time. One can
initiate a short position in TECHM for the targets of Rs. 1733 /- and Rs. 1710 /- and Rs. 1680 /-. A strict Stop Loss of Rs. 1795 /- must be accompanied with any short position initiated.



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