DeepikaMehtaCFA

MAHINDRA & MAHINDRA : Break the Resistance Line

Short
NSE:M_M   MAHINDRA &MAHINDRA
M&M Stock is going week on Daily TF. From last couple of weeks stock took the support at 1360 level which was break on Friday. Stock on last Monday made Spinning Top Candle with high volume which was a Bearish signal for stock, Again on Thursday Stock has made Shooting star Candle which is again Bearish Signal for stock and on Friday follow through the bearish candle and broken the 20day Moving Average also closed below the 20day MA.

Entry : CMP
Sl : 1370
Down Side Move : 1325, 1298

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.