reshmi_chauhan1

Ascending Triangle on M_M analysis:

NSE:M_M   MAHINDRA &MAHINDRA
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.
Comment: the price has crossed the tail price 444 that means conform bullish
Comment: those who have traded congratulation "trade closed"

Comments

This is working !!! Thnx !!
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EXCELLENT.
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If possible add some note on ABCD for educational purpose.
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Good one.... your posts are boosting my confidence.... thanks...
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Nice prediction. wait to cross the price below 436 to short it. Good job. Keep it up.
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Yes .. your predictions really fare and would wait till end of the line.
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reshmi_chauhan1 Nandini-03_
@Nandini-03_, yes we have to wait till the price don't give the conformation
+1 Reply
Heyy reshmi. Ive been looking for this price range and you gave a very clear picture with triangle diagram in chart. I will start learning this one
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reshmi_chauhan1 aman3101998
@aman3101998, the value area is becoming small price can take any direction
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Great! Thanks. Would wait and watch until trade gets triggered off from your end.
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