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xpvista77

M&M | Triangle Breakout | BUY | 12% profit | RR>3.6 | Short Term

Long
MAHINDRA &MAHINDRA (NSE:M_M)  
xpvista77  
NSE:M_M   MAHINDRA &MAHINDRA
Trend Analysis Chart Patterns Triangle M_M buy shortterm
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trendanalysis chartpattern triangle m_m buy shortterm
Wait for the triangle breakout with volume . After the breakout, BUY position can be taken for 12% potential profit in a short term. The RR > 3.6 and the stock is trading above EMA20 and EMA50, indicating bullish trend .

Comments

sahasrarasagna
Did the triangle break out happen
Reply
Trade_NSE
Do we check the breakout intraday or wait for the daily candle to close above the triangle to initiate a positional BUY ?
Reply
xpvista77 Trade_NSE
@Trade_NSE, If you want to be a safer side, wait for the daily candle to close above the triangle.
Reply
Trade_NSE xpvista77
@xpvista77, tnx
Reply
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