M&M looks to be building up for a medium term move - LONG

٢٢ أغسطس ٢٠٢١

All Auto stocks completed a decent pullback from highs and have been consolidating. Gives us a good opportunity to get in when the Risk/Reward is great. SL is quite tight since the stock is already around a support level and breaking lower levels would mean the upmove will not work. Medium term Long call with levels given on chart, SL at close below 770 on a daily basis.




** Important Note - This post is my own study of the mentioned scrip and the views are given with reservation that they may prove to be wrong. I am not a SEBI registered analyst. Please consult your investment advisor before making financial investments.

٢٣ أغسطس ٢٠٢١

ملاحظة

Trade is not yet open. Wait for day close above 785.

٢٦ أغسطس ٢٠٢١

تم فتح الصفقة

Trade active with M&M at 781

٢ سبتمبر ٢٠٢١

أغلقت الصفقة: تم الوصول لوقف الخسارة

Did not sustain short upmove, and closed below 770 on Sep 1. Stopped out.

١٢ أكتوبر ٢٠٢١

ملاحظة

Anyone who re entered once it reached the levels again would have made a killing.