johntradingwick

Mahindra Lifespace - Volume expansion + Approaching resistance

Long
NSE:MAHLIFE   MAHINDRA LIFESPACE
Key Highlights:

1. Bullish market structure - HH, HL
2. Massive volume on the breakout
3. Currently at a major resistance zone
4. Close above 580 will trigger a massive up move
5. Target: 609, 649, 696. Stop Loss: 510

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comment: Target 1 hit ✅

Comments

@johntradingwick - Can we chart an inverted Shoulder-Head-Shoulder Pattern in this? - For learning purposes. Thanks alot in advance buddy.
Reply
@Thataghata, Yes we can. The neckline somewhat overlaps with the resistance area.

Reply
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