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Mahindra

Bullish Flag Pattern : Mahindra&MahindraHi Guys, As you can see from above post, M_M is forming bullish flag formation with very lengthy flag pole on bullish move, so once the breakout happens we can expect market to move up. Incase, the breakout didn't happen on upper side and M_M moves downside continuously this trade is invalid bcos price may reach 1400 easily. So take this trade only on bullish breakout after confirmation. as Nifty is also in bullish momentum we can expect stocks also to get in direction of Nifty and with these pattern formations we get more confidence in the trades we take. Hit Likes to agree with Idea...Thanks for your support.... Happy Trading !
NSE:M_MLong
by InsiderB
Mahindra Finance : Ready for Breakout Descending TriangleFor Aggressive traders triangle patterns are like ripe fruit. Here we got descending triangle pattern in M_MFIN Bcos they enter the direction of trade right at breakout and price takes off swiftly in their direction and at times they do employ strategy to increase their profits. For Triangle patterns none can say with 100% confidence that it can breakout in particular direction. So the chance of M_MFIN breaking out in any direction is possible. Happy Trading !
NSE:M_MFIN
by InsiderB
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