Double Bottom Pattern BO- BO validated with volume
- Reversal poattern
- Above key EMAs
- Bullish RSI
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About MAHINDRA LIFESPACE DEVELOPERS
Sector
Finance
Industry
Real Estate Development
CEO
Amit Kumar Sinha
Website
mahindralifespaces.com
Headquarters
Mumbai
Founded
1994
ISIN
INE813A01018
Mahindra Lifespace Developers Ltd. engages in the development of residential projects and infrastructure developments, such as business cities, parks and clusters. It operates through the following segments: Projects, Project Management and Development and Operating of Commercial Complexes. The Projects, Project Management, and Development segment includes income from the sale of residential units across projects, project management and development in India. The Operating of Commercial Complexes segment comprises of the rental income from commercial properties at Gurgaon. The company was founded in 1994 and is headquartered in Mumbai, India.
MAHLIFEMAHLIFE is displaying positive signs on the weekly chart. The stock is currently trading above the 30-day exponential moving average (EMA) with strong volume and showing improved relative strength.
Double Bottom Pattern
#MAHLIFE
- Strong BO validated with Volume
- Good accumulation can be seen
- Trading Above Key EMAs
- Bullish RSI
Mahindra Lifespace Developers Limited Breakout in Mahindra Lifespace Developers Limited with very high volume.
False breakdown set up1. Weak hands removed with false break down
2. Fresh breakout
3.1:10+ RR trade
4. Trend is bullish in all time frame
#Mahindra LifeSpace Analysis Stock is near to BO zone, follow chart for proper support and resistance levels.
Mahindra LIFESPACE breakoutA breakout occurred after a series of declines.
Price is trending above its 20-day moving average.
The breakout candle has proper volume, so it can't be called a fake breakout
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed t
YR 2022 Idea #155: Long on MAHLIFE This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
