I took a trade today on M&M Fin.
Ive been tracking the stock for the last few weeks and it has been in a larger consolidation zone, with minor breakouts and breakdowns working well.
I also spotted it on Insights today, as an “EMA Crossover”. Checked it before the market opened in the morning and noticed a decent winrate on this too– 70% over 1 week of holding.
The stock rallied up today (about 4%), but did not sustain above the high.
I have taken a swing trade, but exited it partially at around 270-271.
Letting the rest of my position run till next week and waiting to see how it plays out.
Thoughts?
