MMFL Weekly: MMFL broke out of cup and handle pattern 2 weeks back with good volume. Break level was at around 950 levels. It now seems to be retesting break out levels. Stop loss can be just below the low of break out candle at around 860 and potential target can be around 1230 levels if pattern plays out successfully. So, its a potential 3:1 risk/reward trade. Good Q2 quarterly result might provide the required impetus.
Disclosure: Invested from around 945 levels.
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