bhagat109

Range breakout with huge volumes in M&M

Long
NSE:M_M   MAHINDRA &MAHINDRA
Mahindra & Mahindra has been trading in a range since 4 months.
Now it has given a breakout with huge volumes.
Target: 742 2nd Target: 810
SL: Will update after tomorrow's price action.
Comment: SL: 692 (Today's low)
Trade active: Made a low of 697.4 & our SL is safe. Expecting the stock to move further upwards on Monday.

Comments

Any other stocks on radar
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Any thoughts after's today's correction ?
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bhagat109 GareebGuy
@GareebGuy, Yes... If one has taken the trade, todays's low of 692 can be put as a stoploss.
If not, then one can enter after further pullback. Looking at today's long wick there'll definitely be a consolidation.
If one has capital to trade more than one futures lot, one can average till the yellow line.
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