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

MAHINDRA &MAH FINNSE

Description

⋅ Nov 21, 2020 6:16 AM

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)

Trade closed: target reached

⋅ May 1, 2021 6:40 AM

Comments

YatheendradasK

⋅ Nov 21, 2020 12:06 PM

with the new Banking license policy by RBI , this move can be quick

Sid179

⋅ Nov 22, 2020 9:16 AM

Good one. Cheers. Can you share your logic for this SL? Generally how do you decide upon the SL? thanks

srikartiram

⋅ Nov 22, 2020 9:18 AM

@Sid179, Nothing like rocket science. Just few points below the Support. Generally i keep below support candle low. But the support should be strong.

Sid179

⋅ Nov 22, 2020 11:55 PM

@srikartiram, Thanks buddy.

UnknownUnicorn10804909

⋅ Nov 24, 2020 7:50 AM

@srikartiram ,hello sir, looks like it is moving up. I have taken long at 159.. chance of reaching 180??

srikartiram

⋅ Nov 24, 2020 7:53 AM

@LetsLearnEarnToGether, Its going to 191 :)