Hi All,
Pyramid a winning trade is a very good idea to buy a stock that you already hold, than buying any new stock.
The market gives a lot of oppurtunities to enter in such a scenario.
I have marked all the important price points which are pullbacks on daily charts which can be bought by all the traders.
Ideally one should keep SL below the horizontal support...
M&MFIN | Flag pattern for 18%
CMP : 208 (Dip 198-200)
SL : 190
Target : 245,270
We already holding big trade in weekly time frame, its another opportunity for us to average or pyramid :)
Weekly breakout with Good volume ... Very good sign for investment in mid to long term investment... Do the pyramiding, intraday traders utilize the movement in the stock and Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big...
