Mahindra Failing To Make New High, Downside Breakout Confirmed

It is been observed that the price action is been consolidation with a rectangular price range and it was earlier also observed that the price action breaks upside but could not sustain the uptrend as we didnt get to see a new higher highs and after a while the price action breaks below the consolidation and now it is confirmed as we go to observe a lower low that indicates that the price action shall move to the downside direction.

Target: 1400
Stoploss: 1469

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