srikartiram

M&M | Comfortably broke the Long time resistance

Long
NSE:M_M   MAHINDRA &MAHINDRA
CMP : 552
(Consider buying in dips till 525)
SL : 511
Target : 680

Long time Trendline resistance comfortably broken, and crossed above 38.20 FIB level. Next FIB resistance @ 707

Excellent 1:3 Positional opportunity.
Trade active: Day high = 608/- 10% Profit as of now :)
Trade active: Revise the stop loss to 575/- (Recent swing low) and wait for our target !
Trade closed: target reached

Comments

Thanks for such wonderful script.what r ur expectation for August month?
+1 Reply
srikartiram starttrade2020
@starttrade2020, Thank you for your feedback :) Currently i'm bullish and target is 680 with the revised stoploss of 575/- Still has good room to run. CNXAUTO (NIFTY AUTO) sector is about to give Triangle breakout aswell. Upon breakout we will get our target within 2-3 weeks.
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