M&M - Ready for a strong upmove ?
Updated
M&M is in an uptrend for a long time.
The stock has broken out of a tight trading range and looks ready for an upmove.
Stock has overlapping demand zones around 912 on multiple smaller time-frames.
Buy at 914.3 with a stop loss of 902.
Target will be around 940.
Risk: Low
Keep trailing stop loss to protect your profits.
The stock has broken out of a tight trading range and looks ready for an upmove.
Stock has overlapping demand zones around 912 on multiple smaller time-frames.
Buy at 914.3 with a stop loss of 902.
Target will be around 940.
Risk: Low
Keep trailing stop loss to protect your profits.
Trade active
The stock has hit the demand zone and trade is active.Trade closed: stop reached
The stock just kissed and reached a low of 902 (our stop loss) only to bounce back.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.