Today the stock that we are going to analyse is MAHLIFE i.e. Mahindra Lifespace.
First we see monthly chart. In monthly chart we can see that near 346 is its support zone. Since April 2023, it took support and started moving up. In May month it made a good green bullish candle indicating its mood.
Now if we see its weekly chart, we can see that stock formed W pattern at the support (which is a bullish sign) and gave a breakout. So when should we enter. We can enter anywhere between 420 – 440. Target should be between 520 -550. Keep SL as per your risk capacity and risk reward ratio. (Positional View) Good Luck 😊✌️
