Time techno weekly update. As per last update, there was an attempt at a move above the short term trading range, but stock price last week closed marginally higher at 145, with a bigger upper wick at 155, indicating supply at that level. In current week ending 8 September, we have a spinning top like candlestick which again signifies indecision. All said and done, we have had nearly 7 weeks of consolidation in the stock, with the fight at higher end of the range. Previous resistance at 140 range now offering support on declines, but we need to see how it holds going forward. I mentioned in my portfolio thread also that in current rallies in most stocks, there have been a lot of retests before major upmoves materialise. It seems to be the case here too. disc: holding.
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