MAHINDRA & MAHINDRA Down Trend

٦ يناير

As we can see price touch resistance3 times and create triple top here. Also in day timeframe we can see a bearish candle with purely indicate a down fall is coming.

If break the level of 1629 with good volume then we can see a good downfall of 100 points till 1518 level. maybe it takes retracement at level of 1629 and after that a bearish candle's confirmation you can short this stock.


Support lever are:

• 1st : 1629
  
• 2nd: 1518
  
• 3rd : 1451