M&MFIN A BREAKOUT - WILL IT SUSTAIN OR WILL IT FIZZLE OUT ?

قبل ٤ أيامMahindra & Mahindra Financial Services Ltd. is an interesting consolidation breakout with following

1. RSI on all time frames (D/W/M) above 60
2. ABCD pattern under formation on Monthly chart
3. Major 20 Week SMA support near 290
4. Breakout of 16 months consolidation between 250-325 zone

Will it sustain or will it Fizzle out ?

Lets See How it evolves.

Lets See How it Evolves.

Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.