- As per monthly chart stock is currently coming down from strong trend line resistance zone, this indicates short -long term bulls need to take care with their long positions.
- As per daily chart stock is finding strong fibonacci retracement support @ 153, weakness can be seen once stock closes and holds below 153.
- Stock also facing strong fibonacci fan 3rd line support @ 153, further price fall can be seen once stock closes and holds below 153. Close Watch.
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- Stock facing strong trend line resistance around 400 , technical chart indicates further up move can be seen once stock closes and holds above 400.
- Stock also moving up from 23.6% fibonacci retracement support at current levels this indicates bulls will be favored as long as stock holds above 388.
- As per weekly chart stock closed above its previous top this indicates as long as stock holds above its previous top further up price can be seen.
- Stock facing strong trend line support around 132, chart indicates further weakness expecting once stock closes and holds below 132.
- As per weekly chart stock is facing golden ratio fibonacci retracement support around 132, if breaks support then further weakness expecting.
- Stock is also facing strong trend line support at current levels as shown in chart no3.
Mahindra And Mahindra
- Stock coming down from 61.8% fibonacci retracement resistance zone chart indicates as long as stock holds below further weakness can be seen.
- Stock is also facing 200 DMA support at current levels , once closes and holds below then further weakness can be seen.
- On down side stock will find trend line support around 1230, 1221.50 and 1210, once stock breaks its line support then further price fall can be seen in M&M.
- Stock facing strong support trend line support around 99.50, chart indicates weakness expecting once stock closes and holds below 99.50.
- Stock has also formed rectangle formation, this indicates sharp movement expecting once stock comes out from its formation.
- Stock is also trading below 100 DMA, this indicates further weakness expecting as long as stock holds below 100 DMA. Close Watch.
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