Mahindra Finance : Ready for Breakout Descending Triangle
For Aggressive traders triangle patterns are like ripe fruit.
Here we got descending triangle pattern in M_MFIN
Bcos they enter the direction of trade right at breakout and price takes off swiftly in their direction and at times they do employ strategy to increase their profits.
For Triangle patterns none can say with 100% confidence that it can breakout in particular direction. So the chance of M_MFIN breaking out in any direction is possible.
Happy Trading !
Here we got descending triangle pattern in M_MFIN
Bcos they enter the direction of trade right at breakout and price takes off swiftly in their direction and at times they do employ strategy to increase their profits.
For Triangle patterns none can say with 100% confidence that it can breakout in particular direction. So the chance of M_MFIN breaking out in any direction is possible.
Happy Trading !
Comment:
This is one of the examples how markets will reward you if you follow your plan strictly without deviation & keep emotions out . Probably 2mrw around 325's I will be exiting some of my positions.
Comment:
As mentioned in my comment earlier, exited half of my positions around 325.. Great weekend ahead !
