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NileshChavan
Jul 29, 2019 3:27 AM

Buyers will enter soon Long

MAHINDRA &MAHINDRANSE

Description

Buy At 564 Stoploss 555 Target 590
Reasons for Trade- 1.Price near to Important weekly support of 560
2.Price formed bullish candlestick pattern on daily chart
3.Price closed above important support
4.Risk Reward is 1:5

Trade closed: stop reached

Comments
Smeet_Raval
Stop Loss Hit....
NileshChavan
Smeet_Raval
@NileshChavan, I have 200 Qty with price of 550 Should i wait longer or exit with loss ??
NileshChavan
@Smeet_Raval, Mahindra is fundmentally strong company...you can hold it....recession in auto sector is bringing price downside. If you can keep holding for 1 or 2 year you will get price again 700 zones.
NileshChavan
@Smeet_Raval, Next Support is 485....Can average near to this levels
NileshChavan
@NileshChavan, price near to your cost levels
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