M&M - Think before you punch the BUY button

1月17日

Chart/count is on Monthly TF. The price has extended to 3.618 fib level.. technically, the stock is still in uptrend, but, the pattern at the top isnt giving me any confidence that it would move further up from here on..

Distribution phase - Just waiting for the trigger to meltdown..

Twice before, it broke the cloud and managed to climb back up.. Breaking again this time, lets see if the stuck can manage to buck the trend this time..



Waiting for the break of 2880 for first sign of weakness/signal.

I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.

1月21日

交易進行

Broke 2880 and sustaining below.. Trade/view is active.. lets see how far and how deep this goes..

Since the view is Monthly/weekly, daily moves may look deceiving.. Positional view would give clarity