M&M has been moving in 30 day cycle inside the channel as shown
upmove roughly 19 days to the top of the channel, down move 11 days to the bottom of the channel
high of 1195 couldnt be crossed again and sold off even Nifty was strong
as per study 1195(SL) channel top and 1080 (target)channel bottom
looks the fall already begun today
1080 should be achieved by august 1st week
note: this is a study for reference. not a recommendation, please do your due diligence
upmove roughly 19 days to the top of the channel, down move 11 days to the bottom of the channel
high of 1195 couldnt be crossed again and sold off even Nifty was strong
as per study 1195(SL) channel top and 1080 (target)channel bottom
looks the fall already begun today
1080 should be achieved by august 1st week
note: this is a study for reference. not a recommendation, please do your due diligence
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