MAHINDRA CIE was a generated an Impulse Buy on the last trading day!
Today it did 20% Upper Circuit!
Trading opportunites are plenty.
One needs the right tools to identify and trade them.
Indicators used ORB TinyBeast and ORB Impulse Hunter
Price - 180.70 Dt. - 27-02-2021
The stock is moving in a range and given a breakout on 15th Feb. and on 16th Feb it continued the rally but profit booking forced the stick to close in red and since then it kept falling till the support line placed at ₹177. it looks like the stock is ready to move up again. RSI is neutral and stock is above 21DEMA. If open in...
Note: This is for educational purpose only.
There seems to be a pullback and bullish engulfing at resistance turned into support. Moreover, RSI above 65 indicates bullish momentum.
Buy above high of latest candle. SL below support at around 166₹.