Mahindra and Mahindra amazing and tradable pattern :) Such moves before earnings can yield you good returns :) Good luck trading it and any issues understanding the price action or wanna add anything you want = comment me I will try to answer you :) Happy trading guys :)
If breakout is on daily weekly or monthly chart please tell when to take entry on which time frame and how to confirm breakout is not false.
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Averoy_Apoorv_Analysis
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@choprakaran8, 1st thing: we can never say that the breakout will be a false or legit one, so if u r a breakout trader do this : make your pattern and take the candles low as your Stop loss on anytime frame, doesn't matter, let's say if u take trade near 3:20 as of day close candle, and the candle gave a breakout with 5% power on that day. See if u see 5% tgts above first then ask yourself that if this doesn't turn out to be your good trade then how much money would u like to lose. do the math and keep an sl below 5% candle. That's the best u can do. Day breakout = positional trade. Week = some months and Month breakout = investment typo. I hope u get what I mean. thanks a lot :)
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