MAHINDRA & MAHINDRA - Bullish breakout indications!
MAHINDRA & MAHINDRA
The stock is trending a triangle pattern and is trading in a narrow range.
We can spot a BULLISH DIVERGENCE formed by M&M in 15 mins.
RSI is above 50 and Bullish>
Daily Trend is Bullish as well.
Hence there are greater chances that the breakout will happen by breaking the upper trend line. Once the breakout is given with volume, the next resistance is 509. The nearby support is 490.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
The stock is trending a triangle pattern and is trading in a narrow range.
We can spot a BULLISH DIVERGENCE formed by M&M in 15 mins.
RSI is above 50 and Bullish>
Daily Trend is Bullish as well.
Hence there are greater chances that the breakout will happen by breaking the upper trend line. Once the breakout is given with volume, the next resistance is 509. The nearby support is 490.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
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Garey
Whatsapp - +91 9999 504 500
Garey
Whatsapp - +91 9999 504 500