ChartSarathi

M_MFIN: Pick for the week

Long
NSE:M_MFIN   MAHINDRA &MAH FIN
M_MFIN: Mahindra & Mahindra Financial Services Ltd

PC-A = PC-B
Exactly Same
#WondersOfPC

Technicals:
• Script is respecting the Parallel Channel levels at every levels
• Stronger buying volumes
• RSI entered in 60 Zone
• Relative strength is in Green
• Closed strongly above recent high of 235, also the 52 week high
• Re traced strongly from the recent low of 176, respecting every levels of Parallel channel
• Creating Higher Highs, Higher Lows

Levels for positional trade:
Entry levels: A full candle above 240 levels will confirm the entry level
Until then we might see some time consolidation at 235-240
Target: 1st, 265, then 240 in short run
SL: 229, Closure below 229 will invalidate this upside view in short run
Next support area will be 210-215

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.