M_MFIN trade ideas
Swing TradeThe Stock is trading in a flag pattern Breakout will ride it to 250 to 270
Buying Opportunity Above 223
Tgt 250-270
Period Short Term
Watchout for trendline breakoutThe stock looks good positionally above 220.55 level for a target of 245 and 270
M_M FINANCE | SWING TRADE | 20/3/21All the reasons for the trade have been explained in the image
---HAPPY TRADING
M&M Finance LongM7M finance has broken the channel after a longtime one can see the price behaviour of a stock, it gives breakout retrace back take support and then a good move, the same scenario is here.It has taken support in the green line which was a Resistance ,Now ready for Upmove as its forming a big Green candle on the support.
M&M Finance Up-FlagM&M Finance was in a prolonged consolidation of little more than a month. The consolidation had descending resistance line and the slightly descending support line. The daily chart on 19th March 2021 give the upward breakout with an increased volume support. The closing price on the breakout was Rs. 215.10. I estimate the price target of Rs.273 and suggest the stop loss at Rs. 206 on daily closing basis for the first 5 daily candles starting from 22nd March 2021. Thereafter the stop loss should be trailed and profit booking/ exit decision be taken on a negative crossover of 5 EMA line to 26 EMA line.
Flag pattern Break out and Retest done. Targets would be the length of the pole!
T1: 210+35 = 245
T2: 210+70 = 280.
M&M Fin - Superb Flag pattern - Good to buyGood to buy above 217.50 for a target of 280+ (Short to medium term)
MAH & MAH FIN CMP 215.10 DATED 20.3.2021MAH & MAH FIN CMP 215.10 DATED 20.3.2021
Flag Pattern Breakout @ above 217
Buy a tgt of 290 Sl 198
This is just a view, pls trade at your own risk..
