Mahindra & Mahindra Flag Breakout

It is been observed on the daily chart that the price action firstly forms a double bottom at 1140 levels and then went up and breaks above the previous resistance of 1215 levels. Then it consolidates in a downward channel or flag formation and now it has broken and closed above the channel/flag indicating further bullish move ahead.

Target: 1250

Stoploss: 1200
Trade active
Comment: Reaching to Target
Trade closed: target reached: Target reached successfully, now, it shall move further up. Regards


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