NileshThete
Short

M&Mfinance...Big Short...

NSE:M_MFIN   MAHINDRA &MAH FIN
34 0 1
M&M finance made a life time high 404.9...There is not a single brokerage or analyst who is bearish on this....Chart clearly shows complete 5 waves (larger degree wave 1)..If the counts are correct, we can expect a good reatracement. According elliot wave guidelinefor wave 2, minimum retracement is 23.6% and maximum can be 88.6%..At the current date there are no known negatives for M&M finance fundamentals...Lets see what unfolds in future...Retracements from 23.6 to 88.6% are there on the chart...Take wise decisions if this trade unfolds as projected there is lot of money to be made...Trade well...
Trade closed: target reached
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