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the_consolidation_guy

M_M Channel Consolidation

MAHINDRA &MAHINDRA (NSE:M_M)  
the_consolidation_guy Updated   
NSE:M_M   MAHINDRA &MAHINDRA
Chart Patterns Trend Analysis M_M
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chartpattern trendanalysis m_m
Notes
  • Been in a very tight channel consolidation since 1st of June (797-820). Could give a good move on breaking either of these levels.
  • Both long and short term MAs are currently converging which is further decreasing the range of movement within the channel.
  • Volumes are also declining during the consolidation.


Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Comment:
Still in the same tight consolidation.
Comment:
Only that the levels seems to be respected... Still waiting...
Comment:
The more it consolidates, the better ;) Volumes are also on the low which is really good for the possible breakout too.
Trade closed: target reached:
Just a Beautiful Break!
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