Long Position for M_MFIN
M&M FINANCE seems to be at a good level to go for long position here. It may also take support from the trend line as well as there was a previous demand zone that may act as a support. In weekly time frame too the demand zone seems to be respected. Also it is trading at 50% Fibonacci retracement level. The expected target could be around 190. Please give me your opinions too on this stock. Thanking you in advance.
Note
This has given a good bounce from the levels mentioned previously. A decent 8% return in just 15 days. It can easily reach the mentioned target shortly.
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