A flag pattern in M&M, entry on swing low
Updated
Mahindra & Mahindra seems very bullish. Created a flag pattern on the 1H chart. Broke out from the flag and has slightly retested the support. Entered on the swing low where it touched the 20 EMA.
Strict exit on SL as there's no guarantee of an up move if the price reaches the SL area.
Strict exit on SL as there's no guarantee of an up move if the price reaches the SL area.
Comment
The support at the swing low seems intact.Comment
The support seems strong today also.Comment
Taking longer than expected. But hopefully, the target might be achieved in 2 days time.Comment
The initial set up did not work out. Holding on due to some positive cues.Comment
Heavy Red candle formed today. Will consider squaring off in loss if going below 700 levels.Comment
Have taken support at 700 levels beautifully. Can consider holding till target.
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