As the price of stock rising but NIFTY 50 is falling. The price has reached near a level which was previous strong support levels. RSI is also over bought. We expect the price to slow down and give a correction before going further upside.
Trade active:
Short the stock
Comment:
520 is very crucial levels for M&M. One needs to maintain strcit SL
Trade active:
What a downside move exactly from Resistance levels. Cautious traders can book profit.!
Trade closed: target reached:
Booked small profit thou it was before the target price. It was a good move in a day.