M&M finance - at confluence of 20 and 50 EMA. Long !

M&M finance is trading at a critical level of 132, which is a confluence of 20 and 50 EMA. Also, it is trading at the lower end of rising channel, from which a bounce can be expected. Keep a strict stop loss between 125-127 for first target of 142, translating into a potential upside of 6%
Also, while the earlier breakout was with high volumes, the fall was made with lower volumes! High probability of upside from current levels

Dagangan ditutup: sasaran tercapai:

M&M finance almost reached initial target. Can trail or book gains at this level!