April 10, 2010

Mahindra & Mahindra LTD Triangle breakout trade

This post is for my friend ARS

He has asked about M&M Charts.

Mahindra & Mahindra LTD has formed a triangle in the daily time frame.

Look for a break out of the triangle and close above or below 5 EMA.

If you follow the price, most of your trades will give you profit.

Don't try to predict a reversal. See the reversal on the chart and you turn with it.

thank you

take care