M&M... Ready for the Reversal .....??

1 Mac

MAHINDRA & MAHINDRA LTD: CMP: 2585.10; RSI: 38.12
Mahindra and Mahindra stock is 21% down from its recent highs and in oversold zone. Script is below its all moving averages 10...200 days EMA. On daily chart Harmonic Shark pattern is visible . Current market price is, at its Potential Price Reversal Zone (PRZ), and price trend reversal can unfold in coming days. It can be rewarding bet for aggressive traders with risk to profit of 1:3.

Entry: 2510-2600;
Stop loss- 2425;
Targets:

• Target -1- 2835 (Book 50% profit);
  
• Target-2-2985

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19 Mac

Nota

Target-1 Met
Target -1- 2835 (Book 50% profit);