M&M ANALYSIS, Mahindra & Mahindra Analysis

Gaps pending
Upside: 1043.9
Downside: 953.55

Supports: 982.95 (Very Imp) / 971.75 / 960.75
Resistances: 1008.6 / 1017 (Very Imp) / 1029.75

Note: OI & Volume to be considered in all the trades.

Conditions applied:

Con 1: If we witnessed Gap up opening nearby 1008.6, Wait for breakout & then take long position accordingly with the given levels, Initial target will be 1017.75 (VI).

Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.

Con 3: If we witnessed Gap down opening, Wait for support breakout (982.95) in 15 min candle then only go with short positions.

Note: OI & Volume to be considered in all the trades.