Mahindra & Mahindra Entry Point on 23/03/23

アップデート済

positive trade, RSI in the lowest, signaling the end of a downtrend, which means an upward moment can be seen in the immediate term in next one to two days, target price is at 1189, if I enter right now on delivery, 174 is a good exit point, profit is obviously directly proportional to capital so this idea is for those trading with at least 100000/- INR who can make a quick buck playing safely, an upward moment is imminent

ノート

for playing more safely one may wait to see if it falls to level of 1125, there is a minor scope for downward fluctuation on the RSI on further analysis. wait basically for golden cross confirmation on RSI, in case this happens, 1130 is a good buy and 150/155 would be a safe exit... definitely a good trade!

トレード稼働中

for more safe trading, may wait for golden cross confirmation on RSI as scope for minor downward fluctuations remain in which case 1130 would be a good buy, and 1150-55 would be a good safe exit point, with 100000 inr capital, one can book 2k profit in a single candle, keep an eye on price action for optimum gains

ノート

with those trading with capital as low as 10k there is still a safe trading zone being created with a margin of 200, which is not bad at all, the returns are a question of how much money you you have in hands, but in all circumstances, this is definitely a #goodtrade

ノート

on further analysis i suggest waiting for the confirmation of golden cross on RSI then take the trade on delivery.. one can also hold and track the price action for a few days, till market reopens on monday and book profit.

ノート

in case market opens today with the confirmation of golden cross, jump right in, and hold for a price action frame of 8-10 rs

ノート

sell on the same day or hold till monday for big returns

トレード稼働中

Update 23/03/23 - looking at current trend, green candle after a long downtrend, clear reversal, sell on monday book profit 📈 👍🏼

トレード終了: 利益確定目標に到達

Target one of 1174 reached, as predicted in the first analysis above, from 1164 being entry point , market opened below near 1155 so that was a bonus, indeed a profitable trade

ノート

Now from here on in still bullish on it for monday, i think it will open on gap up on monday, and touch next target of 189, so if you wanna book you can or leave it totally upto you whether u wanna play it extrememly safe or u willing to take just a tiny winy bit of risk for that extra buck 😉

ノート

as was predicted, it fell exactly down to 1125 in the previous week, and is on the rise now since then. On monday, candle will open on gap up, i strongly recommend booking all the profit and move on to another stock rsi of which is in the underbought zone, this trade will be officially closed now,

one useful tip in the end, always let ur money sit for atleast a week or a fortnite depending on the price movement and how long it takes to pick up momentum, and before doing that, always pick discounted stocks, and be patient. Remember fortunes are not made overnight, its created brick by brick. Play safe, be patient.

Happy Investing,
Team GT 🚀🚀🚀

goodtrades101