InsiderB

Mahindra M&M : Rectangular Range Breakout

NSE:M_M   MAHINDRA &MAHINDRA
I'm not sure why, we are getting back to back breakout trades today morning, sharing few of those with you. Yet to check Nifty chart, may be we will have breakout there also.We can see from chart how long M_M is within that rectangular range and looking for breakout. It will be positional trade, so breakout also takes time if M_M moves to upside on pullback.We can't confirm solely based on RSI also, so wait for breakout in M_M . Some may consider it as bullish flag ( I do agree) but naming it rectangular pattern does no harm. Name isn't important, just the breakout side is important for us !
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
very good analysis... thanks..!!!
Reply
Thanks,Great analysis.!!!!!!!! Good Job.!!!!!!!!!
+1 Reply
InsiderB MANOLIS
Thanks for nice words, friend :)
Reply
Thanks.















+1 Reply
InsiderB AMBRISH
Good to have your support !
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out