M&M: Analysis
Keep an eye on M&M it has given a suspected breakout from parallel channel and retracing back to original level. If this isn't a breakout hen their is a chance of upward momentum in upcoming days.
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Reason to Buy:
1) Possible breakout from parallel channel formed in daily time frame.
2) Holding higher levels.
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Safest entry point would be at 659.90 levels or above. Stop loss must be below the previous immediate swing. Calculate your RR ratio and trade accordingly.
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Reason to Buy:
1) Possible breakout from parallel channel formed in daily time frame.
2) Holding higher levels.
.
Safest entry point would be at 659.90 levels or above. Stop loss must be below the previous immediate swing. Calculate your RR ratio and trade accordingly.
Note
Fake breakout market sentiment is negetiveNote
Forming a parallel channel.Note
Still Range-Bound.Trade closed: stop reached
SL Hit Exited trade
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