M & M - Expecting reboundStock has nearly corrected itself between 10 to 12%
Now approaching an area which is a support in Daily / Weekly / Hourly as well
Expecting the fall to stop here for sometime go side ways before turning back up (depending upon the market situation)
Or may continue its journey downwards again
Lower TF confirmation (15 Mins) is compulsory to enter the trade
Downside final support can be accounted as 2850
If takes support it can easily go back up to 2955 - 3020
Volatility is High. Trade is against the trend, so trade cautiously
Mahindra_mahindra
Mahindra & Mahindra Swing TradeM&M is forming a bear flag after a bullish run , from a few days. Go long after a strong breakout and let it retest. It has taken support from the 200 EMA of 1hr time frame and it has a event on 3rd of November. Place a logical stop loss .
You can also but if it starts taking a good support from EMA 200 of 1hr time frame, place Stop loss below the EMA . Note: This is only for educational purpose , these are not calls.