MAHINDRA LOGISTIC LTDTelah dikemas kini Mahindra Logistics - Unable to break the resistance for a while
The stock is at a make or break point. Has been unable to break the resistance at about 331-333 levels. Multiple attempts at breaking it over various days but seeing a price rejection. Although, this time around the close was strong.
Long view: Seeing it reach all the way to the top of the parallel channel if sustains above 335 for a day.. can see 348-352 being the first resistance zone, post which we can see it at 380 levels.
Short view: If shows weakness though, sustaining below 330 can show 325/320 intra-day.
Long view: Seeing it reach all the way to the top of the parallel channel if sustains above 335 for a day.. can see 348-352 being the first resistance zone, post which we can see it at 380 levels.
Short view: If shows weakness though, sustaining below 330 can show 325/320 intra-day.
Nota
Gave both moves in one day itself. But as it did not sustain the day above 335, the short was the only idea active and gave a low of 302. Essentially, a safe short booking of 5-10 points done.. what else do we need intra-day?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.