stockkar

watch for resistance breakout

Long
NSE:MMFL   M.M. FORGINGS
buy above 540 in intraday and swing
for swing keep sl below 500,
550 is a small resistance and our first target in intraday

for swing target- 575, 600, 625, 660

For Intraday

For stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.





Comments

Great, can I buy for swing trading?
Reply
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