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srikartiram

M&M | Comfortably broke the Long time resistance

Long
MAHINDRA &MAHINDRA (NSE:M_M)  
srikartiram Updated   
NSE:M_M   MAHINDRA &MAHINDRA
Fibonacci Trend Lines
6
2
fibonacci trendline
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
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