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Cfa_Arvind

Mahindra & Mahindra - Bullish Head and Shoulder Chart Pattern

MAHINDRA &MAHINDRA (NSE:M_M)  
Cfa_Arvind  
NSE:M_M   MAHINDRA &MAHINDRA
Trend Analysis Chart Patterns Technical Indicators headandhsoulders roundingpattern chartpattren Morning Star mahindraandmahindra breakouttrading
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trendanalysis chartpattern indicator headandhsoulders roundingpattern chartpattren morningstar mahindraandmahindra breakouttrading
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
Penafian

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