This weekly chart shows a potential bullish setup for Mahindra & Mahindra Ltd., with Fibonacci retracement levels highlighting key support and resistance zones. The trade parameters are as follows:
Entry: Around 2,782.60 INR
Target: 3,198.60 INR (14.55% potential upside)
Stop Loss: 2,628.75 INR (5.85% downside risk)
Risk/Reward Ratio: 2.49:1
The price is currently trading within a consolidation pattern, and the Fibonacci levels suggest that a breakout could lead to a significant upside. The setup capitalizes on a potential move towards the 1.618 Fibonacci extension at 3,559.55 INR, with the first target around 3,198.60 INR. Traders should consider this setup for a medium-term trade with a favorable risk-reward ratio.
Entry: Around 2,782.60 INR
Target: 3,198.60 INR (14.55% potential upside)
Stop Loss: 2,628.75 INR (5.85% downside risk)
Risk/Reward Ratio: 2.49:1
The price is currently trading within a consolidation pattern, and the Fibonacci levels suggest that a breakout could lead to a significant upside. The setup capitalizes on a potential move towards the 1.618 Fibonacci extension at 3,559.55 INR, with the first target around 3,198.60 INR. Traders should consider this setup for a medium-term trade with a favorable risk-reward ratio.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.