Mahindra & Mahindra outlook for 8/3/22 (Rare case)
Mahindra & Mahindra moved form 0 degree towards 45 degree downside. It went straight down & completed 90 degree distance. Once it reached at 90 degree i.e. @ 675 it reversed / bounced from @ very well !!
[ Movement of Nifty / Indices : Normal case 0 to 180 degree, rare case 0 to 360 degree.
Stocks (3 digits / less volatile ) : Normal 0 to 45 degree, rare case 0 to 90 degree. ]
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Mahindra & Mahindra Rare Case :
- As expected, rejection noticed @ 809 ( 90 degree ) level. LoV (Law Of Vibration) helped in entering at 90 degree instead 45 degree here.
In morning @ 9:40 am suggested that considering day’s low as 0 degree & than it should face rejection post completing 90 degree distance (795).[ Movement of Nifty / Indices : Normal case 0 to 180 degree, rare case 0 to 360 degree.
Stocks (3 digits / less volatile ) : Normal 0 to 45 degree, rare case 0 to 90 degree. ]
M&M ( Mahindra share )
A good example of normal case :
Stock moved from 0 degree to 45 degree too fast, used its all energy in beginning of the run & opponent attacked hard, too good bounce from that 45 degree distance i.e. 783
[ Movement of Nifty / Indices : Normal case 0 to 180 degree, rare case 0 to 360 degree.
Stocks (3 digits / less volatile ) : Normal 0 to 45 degree, rare case 0 to 90 degree. ]
Mahindra share
Best Example of Extreme Case :
1) Stock Moved from 0 degree to 45 degree too early & Bounced from 45 degree so well !!
2) Revised 0 degree from 844 to 803.15 level. Right from here @ 45 degree distance faced rejections 3 times.
3) Completed 90 degree in the end as marked in the chart.
[ Movement of Nifty / Indices : Normal case 0 to 180 degree, rare case 0 to 360 degree.
Stocks (3 digits / less volatile ) : Normal 0 to 45 degree, rare case 0 to 90 degree. ]
