MAHINDRA & MAHINDRA as on 09.08.2021
Updated
FALLING WEDGE PATTERN FORMED!!
IF IT GIVES A BREAKOUT THEN CAN MAKE A NEW HIGH!!
Bollinger Band can break up there squeeze of more than a month with a breakout candle WHICH MAKES A GOOD CALL!!
CAN retest and move up !!
MACD sowing good strength after a long time !!
RSI coming back towards 60!!
EMA 5 DEMA has crossed 13 DEMA (making anticipatory call) AND CAN now cut 26 DEMA (AFTER 2 MONTHS!!) can make a very good call!!
TARGET PRICE=955/988
STOP LOSS=753/719
WEEKLY CHART MAKING SAME PATTERN!!
MONTHLY CHART MAKING A BREAKOUT MOVE!!
GIVING GOOD SIGNALS!!
(The above analysis is only for study purpose do not take it as any buy or sell call)
IF IT GIVES A BREAKOUT THEN CAN MAKE A NEW HIGH!!
Bollinger Band can break up there squeeze of more than a month with a breakout candle WHICH MAKES A GOOD CALL!!
CAN retest and move up !!
MACD sowing good strength after a long time !!
RSI coming back towards 60!!
EMA 5 DEMA has crossed 13 DEMA (making anticipatory call) AND CAN now cut 26 DEMA (AFTER 2 MONTHS!!) can make a very good call!!
TARGET PRICE=955/988
STOP LOSS=753/719
WEEKLY CHART MAKING SAME PATTERN!!
MONTHLY CHART MAKING A BREAKOUT MOVE!!
GIVING GOOD SIGNALS!!
(The above analysis is only for study purpose do not take it as any buy or sell call)
Note
FIRST TARGET=852
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