M & M CMP - 770.50
Looking bullish in higher time frame. However, there will be a downside retracement and then move up side. Both sides opportunity to be seen. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Scenario 1 Setup
Sell at or Below 770 / 777
Target 1 - 765
Target 2 - 760
Target 3 - 755
Scenario 2 Setup
Buy at or Above 777 / Stop Loss 770
Target 1 - 782
Target 2 - 787
Target 3 - 797
Scenario 3 Setup
Wait for the retracement and buy around 750 - 760 levels with stop loss of 725 for target of 800 levels
Disclaimer: This is my view and for educational purpose only.
Looking bullish in higher time frame. However, there will be a downside retracement and then move up side. Both sides opportunity to be seen. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Scenario 1 Setup
Sell at or Below 770 / 777
Target 1 - 765
Target 2 - 760
Target 3 - 755
Scenario 2 Setup
Buy at or Above 777 / Stop Loss 770
Target 1 - 782
Target 2 - 787
Target 3 - 797
Scenario 3 Setup
Wait for the retracement and buy around 750 - 760 levels with stop loss of 725 for target of 800 levels
Disclaimer: This is my view and for educational purpose only.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.