Mahindra & Mahindra - Trade Setup
Updated
Sell Trade Setup - Valid up to 15-07-2022
Entry - If M&M trades Below 1127
Initial Stop Loss - 1155 (Stop will be updated once we start the downward journey as per expectation)
Initial Target Level - 1100-1103 range where trend line support may come in force , if market takes support stops can be changed to sell entry price or better
Happy Hunting :)
Entry - If M&M trades Below 1127
Initial Stop Loss - 1155 (Stop will be updated once we start the downward journey as per expectation)
Initial Target Level - 1100-1103 range where trend line support may come in force , if market takes support stops can be changed to sell entry price or better
Happy Hunting :)
Note
M&M technically has not broken 1127 in trading range as of now though first few opening ticks made trigger the trend. If you are short no issues keep SL in place if havent entered the trade . Use the break again below 1127 to sell :)Note
Those who wish can use the Resistance zone levels also the enter the short trade with closing Stop above resistance zone atleast on 5 min bar.
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