M&M after a long time for bullish performance has now performed a retracement from fibonacci level around 1600 and has formed bearish engulfing candlestick pattern, so one can look for selling opportunities.
PS - THIS IS JUST FOR EDUCTAIONAL PURPOSE AND TRADE ON YOUR OWN RISK WITH CONSULT OF YOUR FINANCIAL ADVISOR
Trade closed: target reached
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Today M&M has given 100 points downwards from level suggested for short if short taken one can hold by trailing stoploss to cost and book partial profits