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Mahindra ciu retesting bo level good level to enter.
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...
It seems strong up move….and smart money entered...
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 www.tv.orb.academy
Clear BO in MAHINDRA CIE Automation with decent volume. The study is for educational purpose only
SHORT TERM DELIVERY STRONG BUY RANGE 182 --- 176 STOPLOSS 162 TARGET 194 --- 204 --- 225 RATIONAL : VWAP BREAKOUT ABOVE 182 ASCENDING TRIANGLE PATTERN BREAKOUT RSI BREAKOUT ABOVE 50% MEDIUM RANGE MULTI MONTHS RANGE BREAKOUT
mahindra cie auto chart analysis for intraday and swing trading
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₹.
See in chart for analysis.
11 week base which was broken today with pocket pivot on strong volume. Promoters increased stakes 4% in last 2 quarters. 50 DMA is holding. Gave some shakeouts in the base making it highly probable.
Symmetrical triangle and moving in a channel. Buy around 140 for a tgt of 170-174. SL 122.