M&M, CONFLUENCE OF TREND LINES. CAN IT BE NEXT BIG THING?
1. M&M gave a strong breakout from 2 year long trend line in June'20. (YELLOW TL)
2. Now it has closed very near to breakout of horizontal support lines running since 2014. (PINK LINES)
3. Above 580, it has one hurdle running since Feb'19.
For tomorrow above 575 this is good but 580-82 is next hurdle which if it manages to cross and hold then there is no stopping to M&M from scaling new highs.
Weekly View
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
2. Now it has closed very near to breakout of horizontal support lines running since 2014. (PINK LINES)
3. Above 580, it has one hurdle running since Feb'19.
For tomorrow above 575 this is good but 580-82 is next hurdle which if it manages to cross and hold then there is no stopping to M&M from scaling new highs.
Weekly View
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need.
Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
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Automated TG : t.me/PriceActionChart_TechHub
Only way to succeed in stock market is by learning Price Action.
WhatsApp : 9717077198
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