Description
⋅ 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.