A flag pattern in M&M, entry on swing low

2020년 11월 25일

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.

2020년 11월 26일

코멘트

The support at the swing low seems intact.

2020년 12월 1일

코멘트

The support seems strong today also.

2020년 12월 8일

코멘트

Taking longer than expected. But hopefully, the target might be achieved in 2 days time.

2020년 12월 13일

코멘트

The initial set up did not work out. Holding on due to some positive cues.

2020년 12월 14일

코멘트

Heavy Red candle formed today. Will consider squaring off in loss if going below 700 levels.

2020년 12월 15일

코멘트

Have taken support at 700 levels beautifully. Can consider holding till target.