Mahindra and Mahindra Flag and Pole Breakout

2 days agoA very clean Flag and Pole Breakout has happened in M&M in weekly basis.

No wick in the Breakout Candle indicates a strong hold of Buyers on such level.

Usually, such kind of breakouts give their targets very fast as price goes in Pole & Flag & then Pole pattern.

Also, Price can come below for Retest making a much more suitable entry and Great Risk to Reward Ratio.

Entry (2950), Target(3800) and SL(2650) are also drawn in charts.

SL is based on weekly sustaining basis.

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Disclaimer: It is analysis done by me for educational purpose only and is not a recommendation :-) ;-)