Long
MAHINDCIE - BreakOut Candidate For Tomorrow
The chart pattern suggests breakout tomorrow.
Reasons:
- Just close to 52W High
- Cup and Handle Formation
- Volume spike observed
- RSI : 62, indicating bullish trend but still not overbought
- ADX : 37, suggesting a strong trend
Reasons:
- Just close to 52W High
- Cup and Handle Formation
- Volume spike observed
- RSI : 62, indicating bullish trend but still not overbought
- ADX : 37, suggesting a strong trend
Trade closed: target reached
Target achieved on 19th July
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.