M&M finance is nearing it's daily support.
I am planning to go long in near future. The risk-reward looks very good (1:3).
Entry price, SL and Target will be posted afterwards. The stock should be added in our watchlist.
Disclaimer: You're sole responsible for your actions taken in the markets. I've shared my analysis for informational and educational purposes only.
Target to be 208 real quick.
Might hold for higher returns.
Earnings & EPS positive
Dividends Payout high
50% Fibonacci retracement
Spike coming soon.
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M&MFin cash - Short
Entry : 206.40 (below 12pm's 15min candles low)
Stop loss : 208.40
Target : 204.40 & 202.40
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry...
Price after hitting the Flag pattern target hanging around to make channel pattern in lower time frame and it is about to break.
One can expect the price to break this pattern and reach the weekly resistance levels as shown in the chart.
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