Mahindra and Mahindra Finance
The stock is at an interesting position.
The AB leg made 61.8% retracement of leg 0A and now the leg BC is making 61.8 retracement of leg AB.
If the stock brakes the low of gravestone doji this is formed 2 days ago and sustains below it the short for target of recent low.
If stock brakes the high of the doji then buy for target of swing high.
In Both cases the risk to reward is between 2.9 and 3.
The AB leg made 61.8% retracement of leg 0A and now the leg BC is making 61.8 retracement of leg AB.
If the stock brakes the low of gravestone doji this is formed 2 days ago and sustains below it the short for target of recent low.
If stock brakes the high of the doji then buy for target of swing high.
In Both cases the risk to reward is between 2.9 and 3.
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