tradewidmufeeth

M&M Breakout Trade

Long
NSE:M_M   MAHINDRA &MAHINDRA
The stock has broken out and retested the upper trendline and looks to undergo a rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 1.5:1
SL is placed below multiple support zones, 200 EMA, Lower Trendline. The target is placed based on fundamentals.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.