M&M witnessed fresh break out at higher low and higher high Delivery trades. very high volume surge 0f 460% was one of the top traded stocks . Currently above resistance 2 level may face slight resistance . Fresh long added with 48% cahnge in OI may see fresh high in coming days .
BULLISH BREAK OUT
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Stock Analysis
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Bullish View
Bearish View
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Dear sir/madam
One can trade long in this scrip based on the huge volume and the type of candle. Two indicators (RSI and MACD) are showing bullishness.Kindly note that what happened today is only (area) GAP up opening(not break out) and being an area gap it may filled soon.The trade may be sucessful
I have recommended this stock for long position.
Mr.vedanayagam @veda417 sir has rightly pointed out the Area gap, but the volume is very high. Hence it maybe the suspect.
Note area gap should have average or low volume
Dear sir
thank you for the scrutiny and feed back