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)
NSE:MHRIL
✅ #MHRIL trading above Resistance of 342
✅ Next Resistance is at 431
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is...
#MHRIL trading above Resistance of 434
Next Resistance is at 651
Support is at 252
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Stock Name - Mahindra Holidays & Resorts India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 434
#This is not Buy and Sell recommendation to any one....
ATH
✅Keep an eye
MHRIL
+ Resuming uptrend
+ Trading at all time high
+ Strong relative strength
+ Trading above Key EMAs
✅Go through the Chart for more explanation
MHRIL monthly and weekly breakout in the uptrend channel with a bullish weekly closing. It has crossed the monthly long-term pivot level of 382. If sustained above the pivot level of the coming weeks closing above 382 and August month closing above 364 it will reach the monthly uptrend channel resistance of 530 without fail.
📊 Details
Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group offers family holidays primarily through vacation ownership memberships. Started in 1996, the company's flagship brand ‘Club Mahindra’ has over 250,000 members. The Company is the largest Vacation Ownership company
outside the US and is...
Chart -> Mahindra Holidays Weekly
An all-time high breakout with volume.
CMP: 319
Good Range To Buy: 290 to 320
Targets: 360, 390, 435
SL: 280 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Clear breakout from a VCP pattern and also an ascending triangle, on a daily TF, creating a possibility of potential targets of upto 370
Never forget to put a stop loss.
