MMFL Resistance BONSE:MMFL
#NSE:MMFL Given 2yrs Long Resistance BO. Chances to get a small pull back and bounce.
Marked the levels on chart.
Already shared the same stock @ 669 entry in Feb'22 and those who taken entry are enjoying profits.
New level might be the good choice in trending market and all dips are good opportunities to average if any.
Happy LEarning !!
MMFL
Bearishness is left behindChart -> M.M. Forgings Daily
After hitting 5 times to the same resistance, finally it has given a breakout with huge volume. Because it broke out after trying 5 times, all the bearishness is left behind.
CMP: 970
Targets: 1100, 1150 and more
SL: 910
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
watch for resistance breakoutbuy above 540 in intraday and swing
for swing keep sl below 500,
550 is a small resistance and our first target in intraday
for swing target- 575, 600, 625, 660
For Intraday
For stoploss use 5 minute chart and see nearest support.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.