M&M | Comfortably broke the Long time resistance Long

MAHINDRA &MAHINDRANSE

Description

⋅ Jul 15, 2020 5:56 PM

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

⋅ Jul 22, 2020 6:34 AM

Day high = 608/- 10% Profit as of now :)

Trade active

⋅ Jul 22, 2020 6:35 AM

Revise the stop loss to 575/- (Recent swing low) and wait for our target !

Trade closed: target reached

⋅ Nov 2, 2020 6:18 AM

Fibonacci Trend Lines

Comments

starttrade2020

⋅ Aug 4, 2020 1:46 PM

Thanks for such wonderful script.what r ur expectation for August month?

srikartiram

⋅ Aug 4, 2020 1:50 PM

@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.