M&M Intraday/swign important levels to watch for 01st april
M&M opened gap up and traded mostly in a tight range. on 15 minutes timeframe, RSI is above 50 but moving down and MACD is below the signal line. The conditions are in favor of short trade but taking trade along the larger trend has a higher probability of success.
On a daily basis, the stock is rising with strong rsi and MACD above the signal line. The upper resistance is marked by the gap formed on the 24th Feb. lower support zone is marked by the gap formed today.
if on 01st April stock crosses today's high with good volume and sustains, it will be a good opportunity for an intraday trade.
On a daily basis, the stock is rising with strong rsi and MACD above the signal line. The upper resistance is marked by the gap formed on the 24th Feb. lower support zone is marked by the gap formed today.
if on 01st April stock crosses today's high with good volume and sustains, it will be a good opportunity for an intraday trade.
Comment:
Trade closed with 12 points gain.
Trade closed: target reached
The SL can be moved to 813. waiting for the target.