Trading_hawk

Simple Trade Setup | M&MFIN |20-09-2021

NSE:M_MFIN   MAHINDRA &MAH FIN
NSE:M_MFIN


Observations:

1) On Daily Time Frame: It has broken and taken support from 200DMA. but closed below it's long time critical zone 179-181 level range.

It is on verge of another breakout if it successfully stay/trade above 180 to 185 level.

Please refer below chart : Daily time frame.

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Trade Setup for Date 20-09-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.


Please refer below chart for levels.

Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Trade active
Trade closed: target reached: