M_MFIN
M&M YUM & YUMTake trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below
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NSE:M_MFIN
CMP: 154.50
Target to be 208 real quick.
Might hold for higher returns.
Factors :
Earnings & EPS positive
Dividends Payout high
50% Fibonacci retracement
Spike coming soon.
Peers:
NSE: BAJFINANCE
NSE: BAJAJFINSV
NSE: MUTHOOTHFIN
NSE: SRTRANSFIN
NSE: BAJAJHLDNG
NSE: MANAPPURAM
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With 💚 from Rachit Sethia
M_MFIN - Parallel channel patternPrice 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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No Buy or Sell calls strictly :)
Small retracement on M&MFinM&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 level, most of the time will get better entry and that gives better reward. And always trial stop loss to take full target..