This is Sudarshan's blog - www.sudarshanonline.com. It discusses the technical analysis of Indian Stock Markets emphasising on online day trading and futures trading strategies.
Friday, October 21, 2011
M&M is consolidating between 770 to 820 (a range of 50 points built over a period of almost 1.5 months). This consolidation process is developing near the life time high of the stock. A break of 820 resistance or 770 support should see a big move in either direction.