BSE:M_MFIN   MAHINDRA & MAHINDRA FINANCIAL
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6
will it again touch lower channel are break out
any suggestions??????
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very conflicting ideas published by you and vanati. I was feeling the same way you felt. , but price action will tell which way it will go, before it may sparkle the price upto 338, but 323.9 should be crossed, i feel there is multiple resistance over there.
+1 Reply
Probably not. What do the momentum indicators predict? Also given the mood in the market I would take this as good shorting opportunity.
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You can see the Mean value of 20 EMA in middle of BB is still far away , Normally the brake out is considered strong if the strength of price is supported by 20 SMA or EMA nearest to the Channel top and just below the Candle stick low , so I still consider it will take little more momentum in channel before Brake out if did not BO then look for downward target
Cheers
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yes should wait for the price action holding my horses
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