MAHINDRA & MAHINDRA LTD

Long

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.

Note

The support at the swing low seems intact.

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The support seems strong today also.

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

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

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

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

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