Long M _M finance above 182 TGT 205 SL 172. After taking support stock is going up. good Risk to reward ratio. This is for your educational purpose only.
Pretty much self explanatory. Looking good, bouncing from good support after a huge selloff, could consolidate too, soo, will go long above the previous candle's high. Levels are marked too.
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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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...
