maneeshaggarwal

M&M SHOWING DIVERGENCE IN PRICE & RSI

Short
BSE:M_M   MAHINDRA & MAHINDRA LTD
m_m
FOR EDUCATIONAL PURPOSE

PRICE AND RSI MUST SHOW SAME TREND TO GET A GOOD UPTREND. BUT PRICE IS MAKING HIGHER HIGHS AND HIGHER LOWS BUT RSI IS NOT FOLLOWING SAME PATH.

A SHOOTING STAR DOJI (INDECISION) AT THIS LEVEL MEANS PRICE NEEDS TO CORRECTED WITH SHORT DOWNTREND OR SIDEWAYS TRADING ZONE.

SHORT BELOW 1310 WITH SL OF 1326.7 FOR 1283 N 1256

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