MAHINDRA & MAHINDRA LTD.Viés de baixa
M&M SHOWING DIVERGENCE IN PRICE & RSI
FOR EDUCATIONAL PURPOSE
PRICE AND RSI MUST SHOW SAME TREND TO GET A GOOD UPTREND. BUT PRICE IS MAKING HIGHER HIGHS AND HIGHER LOWS BUT RSI IS NOT FOLLOWING SAME PATH.
A SHOOTING STAR DOJI (INDECISION) AT THIS LEVEL MEANS PRICE NEEDS TO CORRECTED WITH SHORT DOWNTREND OR SIDEWAYS TRADING ZONE.
SHORT BELOW 1310 WITH SL OF 1326.7 FOR 1283 N 1256
PRICE AND RSI MUST SHOW SAME TREND TO GET A GOOD UPTREND. BUT PRICE IS MAKING HIGHER HIGHS AND HIGHER LOWS BUT RSI IS NOT FOLLOWING SAME PATH.
A SHOOTING STAR DOJI (INDECISION) AT THIS LEVEL MEANS PRICE NEEDS TO CORRECTED WITH SHORT DOWNTREND OR SIDEWAYS TRADING ZONE.
SHORT BELOW 1310 WITH SL OF 1326.7 FOR 1283 N 1256
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