Expecting reversal in M_MFin Long

MAHINDRA &MAH FINNSE

Description

⋅ Jun 14, 2017 2:26 PM

Reasons for expecting some reversal in M_MFin.
1. It has retraced 0.5 Fibonacci level of the recent up move and indicated a reversal.
2. Bollinger band support level.
3. Forming a hammer candle.

So tomorrow keep this stock in your radar.

Trade active

⋅ Jun 15, 2017 3:49 AM

Comments

InsiderB

⋅ Jun 15, 2017 3:49 AM

Nice Trade setup !

nirav5

⋅ Jun 15, 2017 4:06 AM

@InsiderB, Thanks mate.

goti9234

⋅ Jun 14, 2017 3:27 PM

What about the gap filling process. The whole downtrend was to fill the gap right?

nirav5

⋅ Jun 14, 2017 3:38 PM

@goti9234, Need to check it's price action tomorrow.