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MAHINDRA & MAHINDRA - Bullish breakout indications!

NSE:M_M   MAHINDRA &MAHINDRA
MAHINDRA & MAHINDRA

The stock is trending a triangle pattern and is trading in a narrow range.

We can spot a BULLISH DIVERGENCE formed by M&M in 15 mins.
RSI is above 50 and Bullish>
Daily Trend is Bullish as well.

Hence there are greater chances that the breakout will happen by breaking the upper trend line . Once the breakout is given with volume , the next resistance is 509. The nearby support is 490.

KEEP AN EYE!!

***this is my personal view. Please take advice from your financial advisor before investing.
-
Gurpreet Rainu
Mob - +91 9999 504 500
TELEGRAM - https://t.me/tradingedgeacademy
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