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reshmi_chauhan1
May 28, 2020 10:58 AM

Ascending Triangle on M_M analysis:  

MAHINDRA &MAHINDRANSE

Description

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
pksaini1983
Hello mam did you have any youtube channel
c4dilip
This is working !!! Thnx !!
Rajendra_5
EXCELLENT.
ganeshsocialid
If possible add some note on ABCD for educational purpose.
ganeshsocialid
Good one.... your posts are boosting my confidence.... thanks...
HarshitGandhi96
Nice prediction. wait to cross the price below 436 to short it. Good job. Keep it up.
Nandini-03_
Yes .. your predictions really fare and would wait till end of the line.
reshmi_chauhan1
@Nandini-03_, yes we have to wait till the price don't give the conformation
aman3101998
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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