M&MFinance(M_MFin): Intraday Trading Idea for 8/7/2020

M&MFin has formed a Doji just before the closing and an inside candle. This is a sign of either trend reversal or a brief halt at trend continuation, but gives us a good trade idea with good Risk/Reward Ratio. To take the advantage of the opening momentum in this stock, Buy above 208.25 and Short below 198.75 with 204 as Stop Loss either side. Either trail your stop loss with the price action of the stock or exit at your convenience. This is purely an intraday trade to take advantage of momentum and valid for 1-2 days after breakout occurs.



Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.