Mahindra Logistics Ltd
Mahindra Logistic currently at 537.
It has broken its longterm down trend and following a upward channel.
It has completed a Rounding bottom pattern and facing a resistance of 535 to 560.
Weekly closing above 560 should be consider as breakout. After breakout it can move to 750.
scenerio 1 : It can give a clean breakout
scenerio 2: may be consolidat here (right shoulder) and form a inverse head and shoulder pattern.
Not a Buy/ sell recommendation
It has broken its longterm down trend and following a upward channel.
It has completed a Rounding bottom pattern and facing a resistance of 535 to 560.
Weekly closing above 560 should be consider as breakout. After breakout it can move to 750.
scenerio 1 : It can give a clean breakout
scenerio 2: may be consolidat here (right shoulder) and form a inverse head and shoulder pattern.
Not a Buy/ sell recommendation
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