The Short Setup is Very Clear here + on Friday there was a News Item: "RBI bars Mahindra Finance from using third-party recovery agents after Hazaribagh mishap" which is serving as the Catalyst for the Selling Pressure in this Stock. M&M Finance involved in Unethical Practices and hence the Stock Price is being Hammered.
A Classic Descending Triangle on the Hourly Time Frame
One can Short for
Targets:
T1= 185
T2= 182 - 180
with Stop Loss > 200
A Classic Descending Triangle on the Hourly Time Frame
One can Short for
Targets:
T1= 185
T2= 182 - 180
with Stop Loss > 200
Trade closed: target reached:
One Good Trade