srikartiram

M&MFIN | Hopefully it will breakout this time - 35%

Long
NSE:M_MFIN   MAHINDRA &MAH FIN
M&MFIN | Hopefully it will breakout this time. Well respected the channel / wedge for the last 39 months, 168 weeks.

CMP : 185 (Dip till 175)
SL : 165
Target : 245

Safe player can enter after the breakout above the channel at 200+

Observation : Channel only broken and excess fall happened during corona crash , that has been recovered and well settled into the nest again. Now the nest is maturing hence time to fly. The conviction for me is it has some support / area of value at this price (Green support)

Comments

I think it again recovered post result , 1200 Provision pull this down, i am sticking with ur view :)
+1 Reply
srikartiram YatheendradasK
@YatheendradasK, Lol, yes the trade is active.. But always exit when your SL is hit. You can enter again without guilty there is no ego for leaving a stock and entering again.

Only entry and exit is in our control so handle it very comfortably.
Reply
YatheendradasK srikartiram
Reply
srikartiram YatheendradasK
@YatheendradasK, Also let me tell you my personal view - Trading in terrific bull market is really tough. We tend to take trades out of FOMO and that will give bad risk reward. There is where we tend to make huge mistakes.
Reply
:) Added Few more Qty
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out