Wave 4 begins new low could be 948...
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Another Adani pattern is on Mahindra and Mahindra. For M_M wave Elliot impulse Wave 3 ends and Correction of wave 3 (Wave 4 begins). Volume has decayed and new highs has been rejected. Lows could for 948 leve with an SL of 1380....This could be a good short opportunity.
Nota
Trend continues.... Critical support at 1200 level. I am expecting this to be broken....Nota
Expecting a pull back till 1300 before final fall....Nota
A pull back and trend continues....Nota
Mahindra 1212 to act a temporary support... and eventually will be taken out...Fresh short can be initiated below 1200 level..Nota
And falls continues... headed for 1054 by March expiry...Nota
It should hold 1100 to 1150 level.
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