it is in a uptrend
recently it has history of forming inverted head and shoulder pattern
so, similar type of pattern form by xau/usd as per shown in figure
so we are looking for a buy
Mahindra Holidays is forming Head&Shoulders pattern
According to pattern we have targets of
1. Target1 356 (Shoulder target)
2. Target2 310 (Head Target)
3. From almost 3 years it is taking support on 200EMA on Daily TF which is at 348
Note: It is a seasonal stock and gave minimum 10-15% in summer time(mostly takes support and give upmove from Feb end-May)
35 Year SuperCycle
"Two Indexes Diverges on reaching top" - Dow Theory
So DJIA and DJT decreases to the lowest correlation or ratio on SuperCycle Top.
In addition to this we can apply elliot wave theory.
Next top is predicted to be between 2030-35.
Nifty for last 2 days is forming a dragon fly doji after a gap up opening. The market after the opening is coming for a selling and than move slowly in the upward direction.
On the hourly charts, it traded above both the moving averages and during the last hour recover giving close 46 points higher.
The market has followed the same trend in previous trading...
Multiple times Stock is taking Support 1300-1327. Can go Long now. Seasonality also is supporting with New Sales in AC and other electronic segment. Hold for 1500 to 1754 whenever the Quarterly Results are there. Exit about 1800 ish.
Looks like a good gamer stock with seasonality supporting it.
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still there is another weekly high broken , but price is getting slowdown. which can break the bulling price even as it is in the monthly supply , still no confirmation of entry , just a view. lets see
With stop below the second green line
a strong candidate for a 4 to 5% up move
Mahindra Holidays & Resorts India Limited is a leading Indian company that provides holiday accommodation and vacation ownership. The company is a subsidiary of Mahindra Group and was founded in 1996. Its headquarters is located in Mumbai, India.
Mahindra Holidays offers a range of...
Symphony is a seasonal pick wherein the yearly high is generally around April or May (denoted by red arrows). Achieving T2 will break the lower high trend
Little late to the entry, can be skipped if risk to reward isn't favourable
As Nifty broke the Dec low of 17774 intraday the inter-market divergence between Nifty and the Nifty Midcap 100 index became more blatant. The divergence is a bullish divergence when one index makes a new low unconfirmed by the other. It remains to see how this will unfold.
Seriously. Although the man in the yellow hat seemed to do pretty well, his financial situation didn't fill the hole in his heart that he had for Maggie.
Find a monkey, beat the market.
