Today we look at a few stocks that are setting up for major trend change.
1) Mahindra & Mahindra
We looked at M&M at 750 when it was a risk-reward bet – Check Older Chart
Now it seems the stock is making a huge cup and handle pattern and setting up for an eventual breakout.
Could be a good time to accumulate for the long term.
2) UPL Limited.
The stock gave a big breakout above 670-700 made a move to 850 and has now retested that support and making a good contraction.
A breakout above 760 could indicate a move to a fresh trend and all time highs.
3) Godrej Inds
Good Volumes and breakout on a 3 year time frame.
Very tight contraction of range in last few months.
Disclosure – Recommended at 600-610 in Technical Traders Club
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