Mahindra and Mahindra - Looks weak

This trade is for intraday basis on June 12.

I can see that M&M M_M stock price has got nicely rejected after retracing 38.2% of the previous downmove, forming a Bearish Engulfing candle.

Will look for selling opportunities below 912 if available near current levels for a first target in the 897-900 zone.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Bearish EngulfingChart PatternsFibonacci RetracementTrend Analysis

Thông báo miễn trừ trách nhiệm