manavtechresearch

M&M FIN JUNE (FUT) POSITIONAL TRADE

Long
NSE:M_MFIN   MAHINDRA &MAH FIN
50.00% FIBO LEVEL @475.38
61.80% FIBO LEVEL @461.58
50-DMA @476
100-DMA @470
THESE ARE SPOT LEVELS
WHAT DOES THIS MEAN
START ACCUMULATING M&MFIN @LOWER LEVELS
FUTURES TRADE IN JUNE CONTRACT
BUY @466-475
STOP @449.5
TARGET 1@490
TARGET 2@504
TARGET 3@520(IF BREAKS 509 ON CLOSING BASIS)
LOT:1250
SUGGESTED LOTS:2
Trade closed: target reached: 1ST TARGET HIT
Trade closed: target reached: 2ND TARGET HIT

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