Mahindra & Mahindra Ltd. - Weekly Chart Analysis
This weekly chart shows a potential bullish setup for Mahindra & Mahindra Ltd., with Fibonacci retracement levels highlighting key support and resistance zones. The trade parameters are as follows:
Entry: Around 2,782.60 INR
Target: 3,198.60 INR (14.55% potential upside)
Stop Loss: 2,628.75 INR (5.85% downside risk)
Risk/Reward Ratio: 2.49:1
The price is currently trading within a consolidation pattern, and the Fibonacci levels suggest that a breakout could lead to a significant upside. The setup capitalizes on a potential move towards the 1.618 Fibonacci extension at 3,559.55 INR, with the first target around 3,198.60 INR. Traders should consider this setup for a medium-term trade with a favorable risk-reward ratio.
Entry: Around 2,782.60 INR
Target: 3,198.60 INR (14.55% potential upside)
Stop Loss: 2,628.75 INR (5.85% downside risk)
Risk/Reward Ratio: 2.49:1
The price is currently trading within a consolidation pattern, and the Fibonacci levels suggest that a breakout could lead to a significant upside. The setup capitalizes on a potential move towards the 1.618 Fibonacci extension at 3,559.55 INR, with the first target around 3,198.60 INR. Traders should consider this setup for a medium-term trade with a favorable risk-reward ratio.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.