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MAHINDRA & MAHINDRA LTD
Short

M_M Bearish Divergence!!!

By Jha_Nidhi
Updated
The Price perfectly respecting the ascending parallel channel. Monthly chart showing 4 bar RSI Bearish Divergence as well as weekly chart also showing bearish divergence between price & its RSI momentum. Good opportunity to sell here as price also trading near all time high price.My target will be 1328---1267 & 1228 in coming day's.
Note
M_M:- 1372 TO 1325++ New Low
1st TGT Achieved
Note
M_M :- Made New Low Of.. 1311.15 ++📉✅
1372 To 1311.15 (+60.85 Points Done)✅🎯
Note
M_M :- Made New Low Of.. 1283.35 ++📉✅
1372 To 1311.15 (+88.65 Points Done)✅🎯
Note
M_M :- Made New Low Of.. 1248.40++📉✅
1372 To 1248.40 (+123.6 Points Done)✅🎯
Trade closed: target reached
M_M :- Made New Low Of.. 1226 ++📉✅
1372 To 1226(+146 Points Done)✅🎯
Chart PatternsTechnical IndicatorsmahindraandmahindraM_MmomentumstrategyrsibearishdivergencetechincalanalysistechnicalindicatorsTrend Analysis
Jha_Nidhi

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