1. M&M gave a strong breakout from 2 year long trend line in June'20. (YELLOW TL)
2. Now it has closed very near to breakout of horizontal support lines running since 2014. (PINK LINES)
3. Above 580, it has one hurdle running since Feb'19.
For tomorrow above 575 this is good but 580-82 is next hurdle which if it manages to cross and hold then there is no stopping to M&M from scaling new highs.
Weekly View
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
2. Now it has closed very near to breakout of horizontal support lines running since 2014. (PINK LINES)
3. Above 580, it has one hurdle running since Feb'19.
For tomorrow above 575 this is good but 580-82 is next hurdle which if it manages to cross and hold then there is no stopping to M&M from scaling new highs.
Weekly View
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。