M&M Target 1: 850 Target 2: 950 Stop Loss: 720 Risk/Reward Ratio > 4
Spotted a very subtle trade idea. M&M was in a downtrend for a while. The trend has reversed and made clear higher highs and higher lows. The stock has also taken support of the 20-period exponential moving average. This looks like a promising trade for a risk to reward of 1:2.
Good level on a daily time frame. Create your buying opportunities accordingly
AS seen in Chart, ask in comment if u need to tell me something, this is just the idea provided.
NSE:M_M Simple Trade Setup for M_M for 09-08-2021. Chart and levels are easy to understand. Do comment your doubt or suggestion. all the best for trading in next week.
FOR INTRADAY PURPOSE BUY ABOVE 734 SL:- 732 TARGET:- 742 THIS ANALYSIS IS PURELY BASED ON PRICE ACTION FOR EDUCATIONAL Purpose Before taking any decision please concern your financial advisor.
All time high Breakout on weekly charts scenario If closed good at near 650 range in weekly chart Then 700 750 800 possible in next 3-4 months
MAHINDRA LOGISTICS four year brackout with the good volume, you can see the Trend is Positive and RSI, MACD is also support the trend, You can Buy or waite for Pullback. ( Note:- i am not SEBI Registerd Advisor)
NSE:MAHEPC Buy on bounce above 152 or if brake support of 144 then buy near 135 on bounce from 130 or below SL closing below 123 T 159, 170, above 175 - 185, 194
Key Highlights: 1. Bullish market structure 2. Trendline breakout 3. Bullish above 785 4. Support zone: 736-753 5. Target: 816, 865, 911, 952 6. Stop loss: 730 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
M & M first gave breakout patterns and now it is creating a symmetrical triangle pattern so keep your eye on it and trade on levels
If trendlines breaks with volume, initiate long above 825 RSI at levels of 41 Hold for targets of 861, 920
After getting rejected near the POC of previous downtrend, now looking to move up again to 900 levels.
Watchlist - Daily charts - Consolidating after breakout on support, - Bull flag pattern
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