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Starting of Down Momentum M&M

  • Madan Gopal
  • Sep 24, 2020
  • 1 min read

Mahindra and Mahindra has recently formed an Right Angled and Ascending Triangle Pattern. This pattern is formed at the top of the uptrend, this is a is a bearish Pattern. The breakout of the support horizontal line leads to the fall in the price of the stock. Other Signal are5/ 1* Breakout of the support at 600 2)Bearish Divergence on RS 3)Bearish Divergence on MACD with Bearish Crossover. 4)Price was taking good support at 20ema, now it has moved below the 20ema support. These are the few signals and I am expecting 505 in few . Do your own research also before taking any position.

 
 
 

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