GuruprasadMaipady
Long

M&M - Ready for a strong upmove ?

NSE:M_M   MAHINDRA &MAHINDRA
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.

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.
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