Based on my "xRWave-Blaster" predictive trading methodologies, its going to be a RED candle on 20-Jun-2018 for M_M
Sell Below(5Min candle close): 889.2 for targets -
T1: 882.5
T2: 878.5
T3: 874.4
SL: 896.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please ...
M&M has been in uptrend due to good results for few days
Whenever it makes tweezer top near trendline, tends to come down looking at history
Candlestick - Tweezer Top
MA- Price may take next support on 10 DMA
Volume - Good selling volume last day
RSI - Negative divergence from oversold
on hourly chart the stock looks EXTREMELY
bearish ,
after a great uptick ,
on daily charts moving side ways
and today closed belowan important mark of 970
can sell below 965 and can sell more below 950 for 935
917 targets
NSE:M_M printed Bearish Pinbar Around 742 ...which is now acting as a turning point ...my bias is negative (as i can see 2 bearsih pinbars back to back)... i will go short around 742-745 with stop loss of 752-755 for first target of 720...
M&M is moving in a parallel channel and now it's available at the lower band with bounce from 100 MA.
Invest for mid term with targets of upper band with stop loss of close below 100 MA.
If you're a long term investor, keep accumulating at the lower band/100 MA levels
