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Sai_Kumar

M&M Intraday/swign important levels to watch for 01st april

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MAHINDRA &MAHINDRA (NSE:M_M)  
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NSE:M_M   MAHINDRA &MAHINDRA
Support and Resistance Supply and Demand Trend Lines mahindraandmahindra intraday swing Stocks priceaction buysellsignal
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supportandresistance supplyanddemand trendline mahindraandmahindra intraday swing stocks priceaction buysellsignal
M&M opened gap up and traded mostly in a tight range. on 15 minutes timeframe, RSI is above 50 but moving down and MACD is below the signal line. The conditions are in favor of short trade but taking trade along the larger trend has a higher probability of success.
On a daily basis, the stock is rising with strong rsi and MACD above the signal line. The upper resistance is marked by the gap formed on the 24th Feb. lower support zone is marked by the gap formed today.
if on 01st April stock crosses today's high with good volume and sustains, it will be a good opportunity for an intraday trade.
Komen:
as expected, we got entry with a strong candle supported by good volumes.
The SL can be moved to 813. waiting for the target.
Komen:
Trade closed with 12 points gain.
Dagangan ditutup: sasaran tercapai
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