srikartiram

M&M | Trendline breakout after long time - Potential for 20%

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NSE:M_M   MAHINDRA &MAHINDRA
M&M | Trendline breakout after long time - Potential for 20%

CMP : 796 (Dip : 770)
SL : 755
Target : 955

Almost 1:4 risk reward setup

Comments

even i posted the same analysis, good to know im on the right track
+1 Reply
srikartiram farzan_badsha
@farzan_badsha, Brilliant work :)
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Yes. that is a confirmed breakout........but in this month break-out is going to fail....... it will only shine in september....... boost will be provided on monthy auto sales figures.
so :-- Take out of the money put for August and buy @ the money cAll for september.
+1 Reply
Thanks for wonderful identification of breakout
+1 Reply
you r right sir ....but price movement is not supported by big volumes.
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