Mahendra and Mahendra Finance Long

Hi Traders,
As expected in previous idea ("Mahendra and Mahendra Finance"), Stock is preparing to go up. Once it break resistance line (138.50), there is a possibility of temporary retracement to suggested resistance line (138.50). If so, you can open new orders based on price action.

Stock Analysis
* Stock is in a range and developing higher high and lower low pattern between this range with support of trend line .
* It is trying to close above resistance line (138.50).
* Once it break resistance line (138.50), uptrend will be started.

Buy Level
131.80(Given in previous idea)

Target Level
TP1= 148.70
TP2= 153.10
TP3= 160.20
TP4= 171.70

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Trade ativo:

Approx. first target hit.