Wednesday, November 7, 2012

TECHM: On the high way

TECHM is now looking too good to swing traders, it is trading now in a strong bullish territory as per it's MACD, and the cross over occur second time in same territory!! So friends keep a close eye on TECHM till today's last hour, you can take a long position even on current market price 962 with an affordable stop loss that fit for you for another 8-10% rally from here, as this kind of MACD trading is an art more than science, therefore no target and stop loss identifying is not possible. So all that we have to do to take the trade, are to be an artist instead of scientific trader, hardly we can put science in this trade that is in 60 minute chart there is a DZ 939-946 (though not very good DZ) can buy there, and mainly we will have to track the art (Better to say manage the trade all time as it is not preplanned)  almost all time until we exit. But believe me, I have seen too many history of this kind of formation and it is so impressive that though there are no science in this kind of trade yet it can't stop  me to take a long position only for the pattern's HISTORY.

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