M&M long trade
Weekly MACD bullish divergence, then a double bottom and up move in the daily was enough confirmation to me for an upmove in the stock. Now it has just breached and re tested a wedge in the 60 mins time frame. The breakout was with a high volume. And thus my Long bias.
Can be entered now: once 535 is breached and held above.
SL : around 6 points.
Expected reward: 20 points i.e target of around 555 odd levels, if plays out can continue its uptrend.
Just manage your risk, that is the key!!
Can be entered now: once 535 is breached and held above.
SL : around 6 points.
Expected reward: 20 points i.e target of around 555 odd levels, if plays out can continue its uptrend.
Just manage your risk, that is the key!!
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