Mahindra Finance - Breakout + Gapup
One of the best kinds of setups..
Market seems to have loved the result or rather the growth the company has shown and there is a clean breakout in the stock..the breakout also involves a gapup..
If the gap doesn't fill in the next couple days expect the stock to move much higher..i love this kind of a setup in general esp when there are proven tailwinds.
Long above 269 and stoploss below 245. Ideally i'd invest 50% now and 50% on a pullback because the stock is extended. The best case scenerio for traders would be the stock consolidates within todays candle for the next 3-4 days..waits for the moving averages to catch up and then takes off..
Keep this stock upthere on your watchlist for both intraday + positional traders/investors.
Market seems to have loved the result or rather the growth the company has shown and there is a clean breakout in the stock..the breakout also involves a gapup..
If the gap doesn't fill in the next couple days expect the stock to move much higher..i love this kind of a setup in general esp when there are proven tailwinds.
Long above 269 and stoploss below 245. Ideally i'd invest 50% now and 50% on a pullback because the stock is extended. The best case scenerio for traders would be the stock consolidates within todays candle for the next 3-4 days..waits for the moving averages to catch up and then takes off..
Keep this stock upthere on your watchlist for both intraday + positional traders/investors.
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.