M&M has been moving in 30 day cycle inside the channel as shown
upmove roughly 19 days to the top of the channel, down move 11 days to the bottom of the channel
high of 1195 couldnt be crossed again and sold off even Nifty was strong
as per study 1195(SL) channel top and 1080 (target)channel bottom
looks the fall already begun today
1080 should be achieved by...
Metropolis Healthcare correction likely done
1st leg correction took 45 bars 67 days
current leg down has completed 45 days 66 days
positive divergence on daily charts
risk reward is very good
buy with SL of 1450 trgt 1850 2000 trgt might take some time for base formation
HCG gave a strong break on medium term charts with strong volumes after sideways consolidation
targets and support marked. SL is the current candle low
#HCG