Mahindra Holidays is forming Head&Shoulders pattern
According to pattern we have targets of
1. Target1 356 (Shoulder target)
2. Target2 310 (Head Target)
3. From almost 3 years it is taking support on 200EMA on Daily TF which is at 348
Note: It is a seasonal stock and gave minimum 10-15% in summer time(mostly takes support and give upmove from Feb end-May)
According to pattern we have targets of
1. Target1 356 (Shoulder target)
2. Target2 310 (Head Target)
3. From almost 3 years it is taking support on 200EMA on Daily TF which is at 348
Note: It is a seasonal stock and gave minimum 10-15% in summer time(mostly takes support and give upmove from Feb end-May)
Trade closed: target reached:
Target 1 reached