merushi22

M & M : Entered in support zone...

NSE:M_M   MAHINDRA &MAHINDRA
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2
After realising Q2 numbers stock price entered in previous support area . According to price pattern stock is in down trend. Price is trading near Fibonacci price cluster support area , if stock manage to hold this level ( 1230-1239 ) then we can look for small up move because overall chart pattern is weak and RSI is below 40 level.

Comments

Can you please show the Fib levels differently on the chart as its not clearly visible.
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@nirav5, yes,But I use so many highs and lows to find ratio cluster ( Support and Resistance ) of price. That is why it looks unclear.
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Agreed. We may have an interesting week ahead for Auto sector.
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@nirav5, yes, impact of currency change decision....
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@nirav5, Thanks for comment..
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