Novicetrader2015

Mahindra & Mahindra - Wednesday Trade | 05th May

Short
NSE:M_M   MAHINDRA &MAHINDRA
Stock is slowly falling after forming triple top. Today it broke the support zone but bounced in last 15-30 minutes.
Looks good to short in coming days.

Intraday : Looks good below 731 for few quick points
Swing : Good if 30/60 minute candle closes below 727

P.S. Zone can act as good support, so Ignore if stock starts trading above 750/755 levels

Comments

It's more of a head and shoulder than a triple top.
Reply
Novicetrader2015 Vanshvora911
@Vanshvora911, Yes its Hns only. If you check the tag I had mentioned HnS only but by mistake in the description mentioned Triple Top
Reply
Vanshvora911 Novicetrader2015
@Novicetrader2015, Cool. 740 seems to be a good support. Will wait to check OI data tomorrow for 740 strike to know better.
Reply
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