M&M has given a channel breakout and is now currently trading above it's INTERIM SUPPORT which is placed at 520 followed by the FINAL SUPPORT placed at 491, on the upper band INTERIM RESISTANCE is placed at 553 followed by small FINAL RESISTANCE ZONE placed bewteen 567-576. Trade cautiously and consult your financial adviser before trading. You can also join our...
stop loss 628
don't short now wait for pull back
wait for pull back till 600 to 620 range.
1st target 548
2nd target 511
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NIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not...
Weekly Chart Shows Break Down of
Bearish Head & Shoulder Pattern
Broken Neckline of Pattern below 612
Now Going to test Support 570
Sustain below 570 will lead the Sharp fall to 540-520-485
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Falling wedge breakout.
Rsi Indicator is at strong zone.
Buy at Current levels.
Target 707 first. If it crosses, 800 is a good possibility.
Keep trailing stop loss now of 660 then the future targets.