M&M Nearer to Trend Reversal
MFI Positive Divergence.
If made a low @ 1247.65, 61.8% Fib. Retracement will be completed.
One can Enter Long In between @ 1245 - @ 1258, For TGT: @ 1290, @ 1316, @ 1338+
Keeping SL: 1229. Risk Reward Ratio Below 0.7 (Assuming Long @ 1250, EXIT @ 1290)
If made a low @ 1247.65, 61.8% Fib. Retracement will be completed.
One can Enter Long In between @ 1245 - @ 1258, For TGT: @ 1290, @ 1316, @ 1338+
Keeping SL: 1229. Risk Reward Ratio Below 0.7 (Assuming Long @ 1250, EXIT @ 1290)
Note
Today M&M made a High @ 1359.60 & achieved mentioned 0.618 (1359.43) Level, But lacking in Volume compare to Yesterday.Tomorrow possibility of Faces some resistance @ 1374, @ 1389.8 (0.786) Level.
If Crossed Selling pressure come @ 1405-1409 level.
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