Morning start and cnsolidation breakout in Mahindra
Long uptrend followed by a consolidation zone. Price narrowed down inside a range between 600-640 for last few days.
But never broke the lower strong support line of 608.
A morning start pattern has emerged from last 3 day candle, and today it has tried to broke the consolidation zone and gave closing above 640..
Good volume supported the trend.
Upper resistance is on 683 which would be our targets.
Buy: CMP
Target : 683
SL: 622
But never broke the lower strong support line of 608.
A morning start pattern has emerged from last 3 day candle, and today it has tried to broke the consolidation zone and gave closing above 640..
Good volume supported the trend.
Upper resistance is on 683 which would be our targets.
Buy: CMP
Target : 683
SL: 622