srikartiram

M&MFIN | Breakout and retested the zone, ready for next move 25%

Long
NSE:M_MFIN   MAHINDRA &MAH FIN
M&MFIN | Breakout and retested the zone, ready for next move 25%

CMP : 154
SL : 150
Target : 190

Almost 1:5 risk reward setup.

(Conservative traders can enter above 160 by seeing candle close but the risk is little bit higher to them)

Comments

with the new Banking license policy by RBI , this move can be quick
+5 Reply
Good one. Cheers. Can you share your logic for this SL? Generally how do you decide upon the SL? thanks
Reply
@Sid179, Nothing like rocket science. Just few points below the Support. Generally i keep below support candle low. But the support should be strong.
Reply
Sid179 srikartiram
@srikartiram, Thanks buddy.
Reply
@srikartiram ,hello sir, looks like it is moving up. I have taken long at 159.. chance of reaching 180??
Reply
srikartiram LetsLearnEarnToGether
@LetsLearnEarnToGether, Its going to 191 :)
Reply
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