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Buy with sl 1150

Discussion in 'Technical Analysis' started by verenmitter2001, Jul 1, 2014.

  1. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    Mahindra n Mahindra can be bought with sl 1150 as w is formed new leg has passed over the previous one.

    What's your view

    Regards
    Veren
     
    verenmitter2001, Jul 1, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Spot on and charts looks great.
     
    shabbir, Jul 2, 2014
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  3. verenmitter2001

    verenmitter2001 Member

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    hi shabir
    what should be the reasonable target for mahindra n mahindra?
    i am looking for 1300-1280. is it rt or not justified.

    regards
    veren
     
    verenmitter2001, Jul 3, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Buy at 1300 with SL of 1140 and so target should be 1460

    But I see the price as 1230ish and so with SL of 1140, target becomes 1320ish
     
    shabbir, Jul 3, 2014
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  5. hirenrachh

    hirenrachh Member

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    Is MM going to form a bearish pattern like head n shoulder top or double top??

    Regards
    Hiren
     
    hirenrachh, Aug 4, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    Looks like. 1140 can help confirm things.
     
    shabbir, Aug 5, 2014
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