The stock is just moving out from a Sideways trend into a Uptrends
On a pullback a good zone to enter long
Sector also looking to revive after a period of inaction
Replacement demand also to contribute to revenue
M&M Looks to have reached the end of a good run upto its Weekly supply zone
The stock is already retreating from its Weekly Supply Zone\
Expecting the Stock to move back to retest its earlier levels
before starting the next leg of its UpMove
Multi time Frame Analysis
Trending higher on the Daily TF
A good Demand Zone with an explosive move
Imbalance may lead to pending orders in the area
On a retest to the same area expect a healthy bounce
Trade Idea for educational purposes only
The stick in on an uptrend on the Daily time Frame
A good demand zone is formed in the 4 hours chart
The small retest in to the demand zone should give a bounce
to the target as justified in the chart
Setup in on the 4 hour chart
