M&M classical diamond pattern set up and trade opportunity

M&M classical diamond pattern for a breakout opportunity, as it presents a strong setup for both bullish and bearish trades. On the bullish side, if the price breaks and closes above ₹3,200 with strong volume, enter a long position targeting ₹3,650, calculated by adding the pattern height (~₹450) to the breakout level. Set a stop-loss slightly below ₹3,150 to manage risk effectively. Conversely, if the price breaks below ₹2,750 with high volume, enter a short position targeting ₹2,300, with a stop-loss set just above ₹2,800. This strategy ensures that both scenarios are covered, allowing for a potential profit regardless of breakout direction. Aim for a risk-reward ratio of at least 1:2 and secure partial profits at the midpoint of the target. Use trailing stop-losses to lock in gains as the trade moves in your favor. Confirm the breakout using technical indicators like volume, RSI, or moving averages, and exit quickly in case of a false breakout back into the pattern.