As you see on chart that price is continuously taking support on trade.
We can look as learning purpose trade that price will take one more support give a small target till a resitance.
If you want such type of learning trade then comment on post that i will updated on later post for new learning.
Mahindra Holidays & Resorts India Ltd
Looking with rare combination on technical charts.
Day candle is below Bollinger Bands bottom line and RSI is below 30
NSE: MHRIL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
Chart looks good, also amazing RR ratio. In daily chart between 4 and 5 candles are consolidating near long term support. Though risky however RR ratio will be amazing.
Entry : above 287
SL : 250
Reason for trade: Currently the stock is trading at upward channel pattern. wait for the channel to break out with considerable volume.
Note: am not SEBI registered analyst. do your own analysis before taking any positions
Mahindra holidays amd resorts india Ltd good for swing trading
Buying this stock also because cup and handle pattern is forming
volume is hingh
cup and handle breakout
BUY =286.45
Stop loss=261
1st target =308
2nd target=331
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not...
Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all...
NSE:MHRIL
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult...
after taking support at 187-88 level as told in my previous tweet share makes a first wave at 208 and takes support at 200-202 level in second wave now if crosses 208 with volume you will see a level of 232 first target AND 255 SECOND TARGET as can be seen in elliot calculation
