Bullish Flag Pattern : Mahindra&Mahindra
Hi 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 !
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 !
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