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Mahindra and Mahindra Flag and Pole Breakout
MAHINDRA & MAHINDRA LTD
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Mahindra and Mahindra Flag and Pole Breakout
由YogeshVerma1提供
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2024年9月24日
3
2024年9月24日
A very clean Flag and Pole Breakout has happened in M&M in weekly basis.
No wick in the Breakout Candle indicates a strong hold of Buyers on such level.
Usually, such kind of breakouts give their targets very fast as price goes in Pole & Flag & then Pole pattern.
Also, Price can come below for Retest making a much more suitable entry and Great Risk to Reward Ratio.
Entry (2950), Target(3800) and SL(2650) are also drawn in charts.
SL is based on weekly sustaining basis.
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Disclaimer: It is analysis done by me for educational purpose only and is not a recommendation :-) ;-)
Beyond Technical Analysis
Chart Patterns
educationalcontent
Trend Analysis
YogeshVerma1
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