As the price of stock rising but NIFTY 50 is falling. The price has reached near a level which was previous strong support levels. RSI is also over bought. We expect the price to slow down and give a correction before going further upside.
Trade active
Short the stockNote
520 is very crucial levels for M&M. One needs to maintain strcit SLTrade active
What a downside move exactly from Resistance levels. Cautious traders can book profit.!Trade closed: target reached
Booked small profit thou it was before the target price. It was a good move in a day.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.