All other Finance Stocks have shown good pull back from lower levels
Finally a Start of Uptrend seen with Good Volume Pickup
If the trend of the Mkt Sustains We may again see 200-215 levels in the near future
Buying on Dips recommended
Trend positive till 152-54 is not take out again with High volume
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
NSE:M_MFIN has been underperforming since mid February, making lower highs and lower lows ( LHLL ).
While being in the downwards trend, it was getting trapped in a falling wedge pattern ( T1 & T2 ) that looks like ready to bottom out now after breaking T1.
One may initiate a long position with a stop loss below 138.
Like, Follow & Share for new updates.
M&M Finance Cmp 155 dated 26.8.2021
1. Falling Wedge BO @ 157
Buy above 157 for a tgt of 163-173-180-190 SL 145
It is just a view, pls trade at your own risk.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Mahindra financial has been in the down trend from a long time and is in the over sold region. Price action and indicators suggest that this stock has reversed it's trend to an uptrend. Going forward the targets might be achieved over few weeks.
Target 1 : 163
Target 2 : 171
![M_MFIN: [POSITIONAL] M_MFIN LONG BET](https://s3.tradingview.com/3/3egxCJnD_mid.png "[POSITIONAL] M_MFIN LONG BET")
