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manavtechresearch
Feb 12, 2021 7:53 AM

M&M FIN WEEKLY BEARISH TRENDLINE BREAKOUT  Long

MAHINDRA &MAH FINNSE

Description

STOCK BROKES ITS WEEKLY TRENDLINE NEAR 197-198
PREMIUM CLIENTS WERE LONG FROM 197 AND ARE CARRYING POSITIONAL LONGS IN M&M FIN
YET WE ARE TO RECEIVE WEEKLY CONFIMRATION
ONCE CONFIRMED INITIAL STOP WILL BE RAISE TO 190
TARGETS WILL NOT BE REVISED IT WILL REMAIN SAME
SHORT-COVERING ADVANTAGE IF IT CLOSES ABOVE 200
OPEN TRADE IN GIVEN IN M&M FIN FEB FUT
BUY@197
STOP@179
TARGET1@223
TARGET-2@238
TARGET-3@255
QTY=4000

LIVE SERVICES
FUTURES LIVE INTRADAY
OPTIONS LIVE INTRADAY
SWING/MOMENTUM TRADES

FURTHER DETAILS CHECK THE SIGNATURE BOX BELOW THIS POST

Trade active

BOOKED PROFITS@216.5
WILL RE-ENTER AT RETEST OF BREAKOUT LEVELS
ANY DIP TOWARDS 200 SHOULD BE USED TO BUY IN THE STOCK
TOTAL PROFIT=₹78,000/=

Trade closed: target reached

FIRST TARGET HIT
Comments
deepak221
good one
iamrahul127
Excellent analysis
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