M&M Turning Positive Long

MAHINDRA & MAHINDRA LTD.BSE

Description

⋅ Nov 25, 2016 7:56 AM

It is been observed on Daily and Weekly chart that the price action is indicating a positive turnaround at the strong support levels ranging from 1100-1160. It is indicating buyers coming back in market and taking control over the price action. It shall further move up to 1200 levels to its next resistance.

Target: 1205
Stoploss: 1150
Risk Reward: 2:1

Trade active

⋅ Nov 25, 2016 8:45 AM

Trade active

⋅ Nov 29, 2016 7:29 AM

Support and Resistance mahindraandmahindra

Comments

SunilDhawan

⋅ Nov 25, 2016 9:19 AM

no reversal signal right now....but good buy at this level.
u doing great job

NeeteshJain

⋅ Nov 28, 2016 10:20 AM

@sunildh20, It shall move further up before moving down as counter trend rally. I appreciate your remarks, Regards

kawalgeek

⋅ Dec 2, 2016 9:55 AM

SL hit Sir, 🙏

ashpats

⋅ Nov 28, 2016 5:18 PM

Seems stops are going to hit or will it reverse