A flag pattern in M&M, entry on swing low
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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.
Kommentar
The support at the swing low seems intact.Kommentar
The support seems strong today also.Kommentar
Taking longer than expected. But hopefully, the target might be achieved in 2 days time.Kommentar
The initial set up did not work out. Holding on due to some positive cues.Kommentar
Heavy Red candle formed today. Will consider squaring off in loss if going below 700 levels.Kommentar
Have taken support at 700 levels beautifully. Can consider holding till target.
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