!!MAHINDRA MOTORS POSITIVE BUILT-UP!!

2017年12月17日

1)MONTHLY CHART
-The stock managed to close above its previous crucial resistance zone
-we saw a pennant breakout
-macd turned positive
-rsi at 59 needs to cross 63 for higher levels which will be achieved in the coming months
-if the stock manages to close above 1478 on monthly basis then we will achieve higher levels


MONTHLY TRADEVIEW
BUY @1480
STOP @1430
TARGET @1580-1660
ITS A LONG-TERM TRADE FOR A MINIMUM PERIOD OF 6 MONTHS

2)WEEKLY CHART
-on weekly chart the stock managed to close above 1478 which was last seen as on 4/7/2016
-rsi has gained strength
-macd has shown positive momentum
-we saw a symmetric triangle pattern on weekly chart
-we saw a symmetric triangle-breakout

WEEKLY TRADEVIEW
BUY @1478
STOP @1430
TARGET @1530-1550-1580
TARGET IS NOT BASED ON PATTERN LENGTH WAITING FOR A MONTHLY CLOSE

3)DAILY CHART
-rsi is at 69 which saw a sharp spike such spike show that the levels of rsi is increased till 80 but before that the stock will test 1508 before entering overbought zone
-macd has shown positive crossover

DAILY TRADEVIEW
BUY @1478
STOP @1450
TARGET 1508

2017年12月18日

註釋

DAILY TRADE TARGET ACHIEVED

2017年12月18日

註釋

2017年12月19日

交易結束：目標達成

2nd target hit

2017年12月19日

註釋

weekly target hit

2017年12月20日

註釋

2017年12月20日

交易進行

FOR OUR 3RD TARGET

2017年12月20日

註釋

NOW I HOPE FEW PEOPLE HAVE LEARNT TO TRADE THE TRIANGLE PATTERNS.......
NOW WE WAIT FOR OUR PULLBACK WHICH HAS ALREADY BEGAN I EXPECT IT TO CORRECT MORE