BUY M&M CMP: 1432 TGT: 1445 SL: 1425 (INTRADAY 8/6/17)

Still in bullish MACD crossover with positive RSI. Heiken Ashi candles suggest continuation of rally. Keep stop losses between 1425 and 1422 zone to avoid getting whipsawed. Minor sideways pattern broken with bullish close on 7/6. Take profits anywhere beyond 1440. Not ruling out higher highs upwards of 1450, but that would need considerable volumes.

Trade closed: stop reached:

Opened higher but saw tremendous selling pressure. at 1435 levels. Could be bought on dips later on.