M_MFIN: Pick for the week

M_MFIN: Mahindra & Mahindra Financial Services Ltd

PC-A = PC-B
Exactly Same
#WondersOfPC

Technicals:
• Script is respecting the Parallel Channel levels at every levels
• Stronger buying volumes
• RSI entered in 60 Zone
• Relative strength is in Green
• Closed strongly above recent high of 235, also the 52 week high
• Re traced strongly from the recent low of 176, respecting every levels of Parallel channel
• Creating Higher Highs, Higher Lows

Levels for positional trade:
Entry levels: A full candle above 240 levels will confirm the entry level
Until then we might see some time consolidation at 235-240
Target: 1st, 265, then 240 in short run
SL: 229, Closure below 229 will invalidate this upside view in short run
Next support area will be 210-215