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Trade-Technique
Jul 4, 2019 8:29 AM

Trade in stock future, M&M ready for sell. Short

MAHINDRA &MAHINDRANSE

Description

There is excess which i alway prefer to trade. An excess is at value high therefore i suggest you to short this stock at higher level such as 680 nearby.

This is holding call for 10-17 days for target 638-607.

Trade closed: target reached

Trade closed: target reached

Comments
AB_89
Its budget time and people are long on Mahindra due to rural spending budget. It could very well break the channel and move up
Trade-Technique
@AB_89, you might right here. I ll do again research on it after sometime.
AB_89
@Kinnari_Prajapati, sure thing!
AB_89
@Kinnari_Prajapati, you were right. It did fall. No good news for M&M in the budget!
ShreeGanesh_1991
It has formed head and shoulde pattern on daily chart. RSI > 60. It is very bullish. Even if it corrects from 680, that will me very small correction. Its not going to cross 651.
Trade-Technique
@ShreeGanesh_1991, H & S pattern can see everywhere our eye want to see. You might be right but price can more than my levek as per my research. Let see what will happen because of budget.
Trade-Technique
pattern big new alway destroy the patterns.
Trade-Technique
@ShreeGanesh_1991, its going down as expected.
ShreeGanesh_1991
@Kinnari_Prajapati, yes, nice one. :)
Trade-Technique
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