M_MFIN
M_MFIN ShortI hope you can now see how M_MFIN represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
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Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
M&MFIN is Making Rectangle Channel Pattern (Breakout Trade)Mahindra & Mahindra Financial Services Limited : Rural NBFC Company ( NSE:M_MFIN ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
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Chart Published By Ravinder Sharma
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M_MFIN : Trade SetupNSE:M_MFIN
Hi Traders,
M_MFin trade setup on chart and Entry and target level on chart.
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* This analysis is educational/learning purpose only.
* Trade at your own risk.
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M_M Finance on bullish trendWe have seen minor retracement in this stock due to international selling pressure. Now weekly & Daily charts are on bullish mode. Can take long entry after the ascending traingle pattern BO as well as 20 EMA level above 624 for the target price of 660 with the SL of 605. This is for your education only.
M_M Finance on bullish trendM_M Finance share on bullish trend can be taken long above the 135 level after the BO of TL till the gap filling zone at the level of 148-150 with the SL 125. After the successful BO of 152 stock can go up to 160 level. So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the free trading ideas performance sheet for the month of July-2020
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M_M Finance on bullish trendNow on daily chart M_M Finance chart has started to build up the uptrend. For past many days the stock in on sideways movement & currently trading above the 50 EMA Level & at weekly BO level. long entry can be taken above the 210 level for the target price of 230 as marked on the charts. So add the stock in your watch list to see the price action movement . A small pull back is expected but it will gain the momentum & touch the target.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
M&MFinance(M_MFin): Intraday Trading Idea for 8/7/2020M&MFin has formed a Doji just before the closing and an inside candle. This is a sign of either trend reversal or a brief halt at trend continuation, but gives us a good trade idea with good Risk/Reward Ratio. To take the advantage of the opening momentum in this stock, Buy above 208.25 and Short below 198.75 with 204 as Stop Loss either side. Either trail your stop loss with the price action of the stock or exit at your convenience. This is purely an intraday trade to take advantage of momentum and valid for 1-2 days after breakout occurs.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.