m_m head n shoulder patternfor educational purpose
it is showing head n shoulder pattern breakdown below 1302 with volume then short with sl of 1320 with target of 1280
M_M
Mahindra & Mahindra: Major Re-Accumulation CandidateStock has been in a trading range for a while now. This range comes across as Wyckoff Re-accumulation. for this hypothesis to be valid, price must swiftly breakout above the high of the trading range and keep marching higher via green wide-range-bars.
M&M finance buyer reversal on weekly chartM&M fin has formed buyer reversal on weekly chart bull has taken control at 61% retracement ment level.
go for long target 314 on next week. 38% level on fib retracement
wish you happy trading enjoy this trade
M_MFIN shortM_Mfin is giving a short breakout below 275.20 for the downside level upto 271/266 if do not break 278.30 on upside
Mahindra M&M : Rectangular Range Breakout 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 !
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Happy Trading !!
