ritrade

MM Finance Broke its trendline and then took support

NSE:M_MFIN   MAHINDRA &MAH FIN
MM Finance Broke its trendline and then took support on its previous resitance.

Took it as a Swing Trade for the coming week

Date : 19th March 2021
Trade active: Such fall of stock back to previous resistance level, to take support is called "Pullback & Continuation"


Such pullback & continuation are one of the very good trades to take.
Comment: In 1hr time frame after moving above the support (prev resistance), the candle seems like a bullish hammer.
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