Stock analysis Vishal Mega Mart Limited VMM
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Technical analysis forecast for Vishal Mega Mart Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Vishal Mega Mart Limited VMM at this time. Stock is falling and might fall more.
It appears as if Vishal Mega Mart Limited VMM gave a large move recently.
Stock of Vishal Mega Mart Limited (VMM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.
My analysis of Vishal Mega Mart Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Vishal Mega Mart Limited stays below 103.8, but if it comes above 103.8, then a intra day buy could be more profitable.
If you take a sell trade below 103.8, then use 103.8 as stoploss and 100.1 as target. However if you take a buy trade in Vishal Mega Mart Limited, then use 103.8 as stoploss and 106.83 as target.
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