Mahendra and Mahendra Finance Long
Updated
Hi Traders,
As expected in previous idea ("Mahendra and Mahendra Finance"), Stock is preparing to go up. Once it break resistance line (138.50), there is a possibility of temporary retracement to suggested resistance line (138.50). If so, you can open new orders based on price action.
Stock Analysis
* Stock is in a range and developing higher high and lower low pattern between this range with support of trend line .
* It is trying to close above resistance line (138.50).
* Once it break resistance line (138.50), uptrend will be started.
Buy Level
131.80(Given in previous idea)
Target Level
TP1= 148.70
TP2= 153.10
TP3= 160.20
TP4= 171.70
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Provide some feedback below in the comment!
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###Learn To Earn###
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Trade well,
**********************************************************************************************************************************
As expected in previous idea ("Mahendra and Mahendra Finance"), Stock is preparing to go up. Once it break resistance line (138.50), there is a possibility of temporary retracement to suggested resistance line (138.50). If so, you can open new orders based on price action.
Stock Analysis
* Stock is in a range and developing higher high and lower low pattern between this range with support of trend line .
* It is trying to close above resistance line (138.50).
* Once it break resistance line (138.50), uptrend will be started.
Buy Level
131.80(Given in previous idea)
Target Level
TP1= 148.70
TP2= 153.10
TP3= 160.20
TP4= 171.70
**********************************************************************************************************************************
If it is helpful for you, please show your support and hit the LIKE button.
Provide some feedback below in the comment!
This would give us encouragement to keep sharing our ideas here on this platform.
###Learn To Earn###
* It is educational/learning purpose only...
Trade well,
**********************************************************************************************************************************
Trade active
Approx. first target hit.
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