After initial price correction , and rebound I'm looking to enter at 319 with SL 317.50 for Target 322.75/324
IF price fails to Hold 317.50 then Look for downward target of 312.50/309.50
Cheers
M_MFIN has broken its long term resistance at the level of 306 - 309 with high volume indicating the strength of the stock. Buy above 318 with the stop loss of 315. Targets are 325, 330 and 336.
The stock has nicely formed Flag pattern and gave breakout with increased volume today. One can buy the stock with appropriate stop loss and look for a target in the range of 340 - 350. If we consider the Ascending Channel and its target also, the prices may climb up to 360 so one can continue with trailing stop loss. Wishing all profitable Trade !
Bearish Wolfe Wave formation on daily chart. It may make reverse either from current levels of from 332. Look for selling opportunity on bounce. View will negate above 340.50 And expected target is 270 - 265.
Someone has rightly said that if you can't take the heat, get out of the kitchen - which I also truly believe & hope you too.
320-330 is projected channel top -go deep -read the post you will get it!
M & M Finance
Mahindra & Mahindra Finance, the rural India focused lender, surged about 8 percent to a 52-week high – did I say surged- sorry, that was the...
Higher Top Higher bottom.. most of NBFC already moved..closed avove 302 after long time. seems its time for M&M Financial.. higher rural demand may insure 356 on chart in coming day
Nicely formed Inverse Head & Shoulder pattern is ready to give breakout. Posting in advance as market seems to have gap up opening and mates can take advantage of it. Those who are following my Action/Reaction learning series can also notice marked AR Set which catches the reversal perfectly.
on daily char mm fin has made out side bar and also this setup is made under big candle
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this entire setup is below 68% fib level.
buy this stock @253 with sl of 246 closing basis target of 271 then 290
M&M fin has formed buyer reversal on weekly chart bull has taken control at 61% retracement ment level.
go for long target 314 on next week. 38% level on fib retracement
wish you happy trading enjoy this trade
