Mahindra Finance - Breakout + Gapup
One of the best kinds of setups..
Market seems to have loved the result or rather the growth the company has shown and there is a clean breakout in the stock..the breakout also involves a gapup..
If the gap doesn't fill in the next couple days expect the stock to move much higher..i love this kind of a setup in general esp when there are proven tailwinds.
Long above 269 and stoploss below 245. Ideally i'd invest 50% now and 50% on a pullback because the stock is extended. The best case scenerio for traders would be the stock consolidates within todays candle for the next 3-4 days..waits for the moving averages to catch up and then takes off..
Keep this stock upthere on your watchlist for both intraday + positional traders/investors.
Market seems to have loved the result or rather the growth the company has shown and there is a clean breakout in the stock..the breakout also involves a gapup..
If the gap doesn't fill in the next couple days expect the stock to move much higher..i love this kind of a setup in general esp when there are proven tailwinds.
Long above 269 and stoploss below 245. Ideally i'd invest 50% now and 50% on a pullback because the stock is extended. The best case scenerio for traders would be the stock consolidates within todays candle for the next 3-4 days..waits for the moving averages to catch up and then takes off..
Keep this stock upthere on your watchlist for both intraday + positional traders/investors.
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