NileshThete

MMFinance

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NSE:M_MFIN   MAHINDRA &MAH FIN
1
There is break of rising channel..Suggesting short term weakness towards 300 lvls..There is impulsive decline from 364 to 300 lvls...Currently retracement is going on which looks incomplete...There are two movements possible either we break up from the small channel towards 350 levels...and then come down to test 300...other possibility could be we test the lower trendline of the smaller channel and then break to come down and test 300..If you want to ignore smaller moves...short on rise with SL of 365 tgt 300
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