Another Adani pattern is on Mahindra and Mahindra. For M_M wave Elliot impulse Wave 3 ends and Correction of wave 3 (Wave 4 begins). Volume has decayed and new highs has been rejected. Lows could for 948 leve with an SL of 1380....This could be a good short opportunity.
Comment
⋅
Trend continues.... Critical support at 1200 level. I am expecting this to be broken....
Comment
⋅
Expecting a pull back till 1300 before final fall....
Comment
⋅
A pull back and trend continues....
Comment
⋅
Mahindra 1212 to act a temporary support... and eventually will be taken out...Fresh short can be initiated below 1200 level..
Comment
⋅
And falls continues... headed for 1054 by March expiry...