Mahindra & Mahindra to continue downtrend

Mahindra & Mahindra has been trading in down trend, and trading in bearish channel although there have been some false breakout but it continued in the same direction, it seem to be approaching the long term support around 1110, it closed today on weak sign and may go further down with target of 1120-110. traders may enter short in marhindra and mahindra with a target of 1120 and upside movement may be around 1195 as resistance.
Trade active: M&M target about to be achieved.


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