Not Sure if this is multiple Flag and Pole Pattern: Volume Looks like after 2 Consecutive breakouts there are days of consolidation where volumes are low.
Mahindra in coming days could touch its all time high. Festivals + Outlook + News suggest so.
Flag and Pole Breakout has happened and sustained. Ideally for Flag and Pole Breakout Target 2 is the length of the pole (price) from the Flag. (here it is 2877).
Cup and Handle Breakout has happened and sustained; Safe Traders can watch out for Retest, 2877 is long term Resistance, That seems to be the length of the pole
Please trade at your own risk.
After years of struggling TATA Motors is coming back to its 2018 price level, please note here and after each point will be resistance, as profit booking might come as people since 2018 who have not averaged it would book profits and exit.
I see an uptrend and good for swing trading purpose.
Price to watch for is Rs.360.
Not an Investment advice. Please trade...
Looks at Crucial Resistance point, Last time when it broke; It didn't sustain.
With the Results season starting; one can expect high volatility in the stock. Reports say, small ticket and SME loan defaults have increased,I wonder how much it would impact the Bank's Bottom Line. If Strong buying with Volume is seen at current levels, one can expect a move up.