It is been observed on Daily and Weekly chart that the price action is indicating a positive turnaround at the strong support levels ranging from 1100-1160. It is indicating buyers coming back in market and taking control over the price action. It shall further move up to 1200 levels to its next resistance.
Target: 1205
Stoploss: 1150
Risk Reward: 2:1
Mahindra & Mahindra has continued in bearish mode from last three months, it has touched trend resistance and we may see further downward movement in this stock with a target of 1294.00, traders may go short in this stock with a target of 1293.94 for better entry price wait for stock to move slightly upside, after reaching this level we may see further downside...
It is been observed that the price action is breaking out from the 1350 support levels on daily chart, indicating further weakness ahead. It shall now go further down to next support levels at 1312.
Target: 1312
Stoploss: 1385
It is correcting Wave 4 of Wave C in a consolidated triangle pattern, which is a continuation pattern. The break shall take the prices down to complete Wave 5. Kindly find the below attached chart to look for targets.
It is been observed that the price action is been consolidation with a rectangular price range and it was earlier also observed that the price action breaks upside but could not sustain the uptrend as we didnt get to see a new higher highs and after a while the price action breaks below the consolidation and now it is confirmed as we go to observe a lower low that...
