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.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。