Mahendra and Mahendra Finance Long

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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Trade active: Approx. first target hit.


Sir maine profit book kya lekin maine 160 ce ka 1 lot uthaya .. kiya hisakti h jara suggest karenge??
+1 Reply
@tanmoyg112 I hope, stock can show 160 level in 3rd or 4th week of Sept.
Sir I bought m&mfin sept 150 ce at 4.8.
Should I hold or exit my position ??
+1 Reply
@tanmoyg112 Hold it. You can see 150 level soon. Exit if stock close below 130
+1 Reply
+1 Reply
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