M&M26NOV2900CE (1H) – Falling resistance, 6 touchesM&M OPTIONS 23 NOV 2026 CALL 2900NSE:M&M261123C2900dgupta88M&M26NOV2900CE on the 1 hour chart. The lines come from an automated trendline scan, drawn through the chart's own swing highs and lows on a log price scale. Reading the chart 6 touches on a falling resistance line between 16 Oct 10:15 and 28 Oct 11:15. Falling floor on the other side: 5 touches, the latest on 28 Oct 09:15. The two lines draw closer to the right. Newest closed candle (28 Oct 11:15): closed just below the resistance line. No candle has closed through the line. The same line also shows on the 2 hour chart. What to watch next Whether a 1 hour candle closes above the resistance line. A 1 hour close below the falling floor. How the candles behave at the next touch of the resistance line. Where the two lines meet - about 39 candles ahead. Our view What would change the view: a 1 hour close above the falling resistance line and the pivot high of 28 Oct 11:15. That would end the run of lower highs and turn the picture firm. Our view is an opinion on the chart, not a recommendation. For study only. Not investment advice. The author is not SEBI registered.