MAHINDRA & MAHINDRA LTDUpdated Ascending Triangle on M_M analysis:
In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
if the price don't cross the tail price 444, then the stock will move down.
Eventually, the buyers lose patience and rush into the security above the resistance price, which triggers more buying as the uptrend resumes. The upper trend-line, which was formerly a resistance level, now becomes support.
If the price cross the 437 price it will be conformed the the price will move down till 421.
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
if the price don't cross the tail price 444, then the stock will move down.
Eventually, the buyers lose patience and rush into the security above the resistance price, which triggers more buying as the uptrend resumes. The upper trend-line, which was formerly a resistance level, now becomes support.
If the price cross the 437 price it will be conformed the the price will move down till 421.
Note
the price has crossed the tail price 444 that means conform bullishNote
those who have traded congratulation "trade closed"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.