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M&M showing weakness below 1221.50.


  • M&M coming down from 50% fibonacci retracement resistance zone.. chart indicates as long as stock holds below bears will be favored.
  • Chart also indicates stock coming down from 50 DMA, as long as stock holds below further price fall can be seen.
  • According to technical chart no3 Once stock starts trading below 1221.50 its strong trend line support then further weakness is expecting. Close Watch.

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