M&M has formed a Head and shoulder pattern on top and its neckline is forming at 1217. A close below these levels might gave more immediate downside till 1120 levels. Also a break of long term trendline already broken shows some weakness at higher levels.
Happy Trading :)
Disc: Chart posted only for learning purpose.
Happy Trading :)
Disc: Chart posted only for learning purpose.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.