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M&M showing weakness below 1221.50.


MAHINDRA AND MAHINDRA




  • 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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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.