Mahindra & Mahindra - Bullish Head and Shoulder Chart Pattern
Mahindra & Mahindra has formed a bullish head and shoulder pattern along with rounding pattern, but the concern is that bullish pattern should formed in downside or downtrend.
But here pattern formed in uptrend.
Point to be noted that head is formed with morning star candlestick pattern.
Entry on closing basis above 2000
SL below 1890
Target 2200
RRR 1:2
Confidence Level is moderate but not high
But here pattern formed in uptrend.
Point to be noted that head is formed with morning star candlestick pattern.
Entry on closing basis above 2000
SL below 1890
Target 2200
RRR 1:2
Confidence Level is moderate but not high