50.00% FIBO LEVEL @475.38 61.80% FIBO LEVEL @461.58 50-DMA @476 100-DMA @470 THESE ARE SPOT LEVELS WHAT DOES THIS MEAN START ACCUMULATING M&MFIN @LOWER LEVELS FUTURES TRADE IN JUNE CONTRACT BUY @466-475 STOP @449.5 TARGET 1@490 TARGET 2@504 TARGET 3@520(IF BREAKS 509 ON CLOSING BASIS) LOT:1250 SUGGESTED LOTS:2 NOTE IT IS A REPEAT CALL
The stock has nicely formed Flag pattern and gave breakout with increased volume today. One can buy the stock with appropriate stop loss and look for a target in the range of 340 - 350. If we consider the Ascending Channel and its target also, the prices may climb up to 360 so one can continue with trailing stop loss. Wishing all profitable Trade !