Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
1.formed rounding bottom pattern,
2. good Volume supported the strong up move
3. Rsi> 72
4. Stock near its 52 weeks high range
5. if in next trading session opens positive and is able to sustain 1st 30 min
then one can look for its previous swing high target
6. seen increasing Volume and delivery % and Deliverable Qty
Mahlog can be traded for some small profits as per below conditions.
If it touches its support around 694 and bounces back above 700 then we can enter the trade for a target of 749.
If it reverses from current level and close above 721 in 75 minutes or hourly chart then also we can enter the trade for a target of 749.
After entering the trade our...
1. New All-Time High
2. Volume expansion
3. Bullish market structure
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
About the Company:
Mahindra Logistics Limited, a wholly-owned subsidiary of Mahindra & Mahindra, provides logistics services to both internal and external customers. It was soon engaged in taking...