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UnknownUnicorn7637383
Apr 30, 2021 12:26 PM

Positional_ M&M Finance_ Long Long

MAHINDRA &MAH FINNSE

Description

M&M finance is nearing it's daily support.
I am planning to go long in near future. The risk-reward looks very good (1:3).

Entry price, SL and Target will be posted afterwards. The stock should be added in our watchlist.

Disclaimer: You're sole responsible for your actions taken in the markets. I've shared my analysis for informational and educational purposes only.

Comment

Tomorrow, Buy above Rs 157.80
SL 151.25
Target 181.75

Order cancelled

As per my strategy, this trade is cancelled.

Comment

I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.
Comments
StockWhizzer
Duration for 181? What about a May 165 CE @ Rs 5/-
UnknownUnicorn7637383
@StockWhizzer, Sorry I don't trade options so I can't help. I think I can only analyze price, not duration. But, I am expecting good momentum above my price.
nil00072010
@StockWhizzer, I want you to win, ultimately we all want to make money, I will also keep this stock on screen on Monday
nil00072010
If this is a real trend reversal then first it will break the support and will consolidate just below the support and then upward move will follow, but it must be with high volume, otherwise as of today no sign of reversal,
UnknownUnicorn7637383
@nil00072010, Let's see. I am still confident on my setup.
nil00072010
STOCK is treading below 200 MA and RSI is below 30 , it seems stock is bearish in movement but has taken support around 150-160 , lets see what happens
UnknownUnicorn7637383
@nil00072010, Hey, you have a completely different perspective then mine (because you're looking through the glasses of indicators). We both have a same destination (i.e. profit) but different ways. I have back-tested my strategy and I am confident on it.
StockWhizzer
Near 200 DMA now, with possible May & June lockdown on cards, nxt qtr will be worse as a washout, seems 120 on cards by nxt qtr.
ParatradeVSA
Bearish structure
UnknownUnicorn7637383
@ParatradeVSA when it form "bearish cup and handle pattern" right?
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