Looks good to buy above 166 or above 170 for target of 190+
SL can be around 150 or according to your risk appetite.
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
#NSE:M_MFIN trading bullish and level shared today and it resulted well and bagged decent amount, details shared, check out my profile for complete details.
By the way I have observed during the queries from traders, few, very few experienced traders are doing very well, following all the disciplines which need to be followed for each trade, Happy...
NSE: M&MFIN 197
-Fresh Breakout Pole and Flag Pattern
-Next level to watch 210/220 level
-Support near 180/185 level
-Volume And Price are Both strong
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#M_MFIN Formed #CupandHandle Pattern Broken with good volume, consolidating, Breakout the range will give good momentum.
Post Confirmation, One can go with 195 CE
Tried posting the levels from yesterday, but due to technical snag not able to.....
Have a Happy trading !!
M_M has been trading in a narrow range since last few months. Now it is ready to break the trendline.
Target-855 930 980
Same kind of setup has been formed in Indusind Bank. I have given the trade of Indusind Bank just before the trendline Breakout. Trade is based on the same setup.
1) On Daily Time Frame: It has broken and taken support from 200DMA. but closed below it's long time critical zone 179-181 level range.
It is on verge of another breakout if it successfully stay/trade above 180 to 185 level.
Please refer below chart : Daily time frame. ...
1)On daily Time frame It made double bottom pattern and gave breakout on 2-9-2021 and on 3-9-2021 it made bearish candle but closed above the breakout level.
Please refer below chart : daily time frame.
Trade Setup for Date 06-09-2021:
All other Finance Stocks have shown good pull back from lower levels
Finally a Start of Uptrend seen with Good Volume Pickup
If the trend of the Mkt Sustains We may again see 200-215 levels in the near future
Buying on Dips recommended
Trend positive till 152-54 is not take out again with High volume
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...