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.
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Short the stock
Comment
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520 is very crucial levels for M&M. One needs to maintain strcit SL
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What a downside move exactly from Resistance levels. Cautious traders can book profit.!
Trade closed: target reached
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Booked small profit thou it was before the target price. It was a good move in a day.