NSE:M_M   MAHINDRA &MAHINDRA
Expecting M&M to continue the downtrend as it has retested the 200 EMA


DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
Trade active: Got entry
Comment: Based on today price action there might be a formation of double top which would further confirm the short position ....

Will get to know in coming days whether this double top becomes valid
Comment: There is 200 EMA line retesting , price action and DT formation which together are three reasons for making this a high probability trade .. but however there is earnings release tomorrow and market could swing in any direction ...

If the trade goes against then will book the loss and stick to the plan
Trade closed: target reached

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out