Mahindra & Mahindra has formed a bullish head and shoulder pattern along with rounding pattern, but the concern is that bullish pattern should formed in downside or downtrend.
But here pattern formed in uptrend.
Point to be noted that head is formed with morning star candlestick pattern.
Entry on closing basis above 2000
SL below 1890
Target 2200
RRR...
As we can see price touch resistance3 times and create triple top here. Also in day timeframe we can see a bearish candle with purely indicate a down fall is coming.
If break the level of 1629 with good volume then we can see a good downfall of 100 points till 1518 level. maybe it takes retracement at level of 1629 and after that a bearish candle's confirmation...
MAHINDRA & MAHINDRA or M&M is breaking out of a 2month cup and handle pattern and sustaining for 2 days above the breakout. It is important it sustains the breakout to move higher. Recent volume and RSI high.
M_M breakingout ascending triangle
finally broken 1600 #resistance
good volume and RSI
trading above all key ema
expecting #target of 1780
educational idea only
M&M charts show breakout in multiple time frame
2Hour : Cup and Handle
Daily : Flag pattern
Breakout Zone - 1600
Cup Height : 300
Pole Height : 500 points
Target : 1800-2100
Mahindra & Mahindra is forming a new ATH and has closed above the neckline of the inverted head and shoulder pattern.
The shock on the weekly time frame has given a nice closing near the ATH and on the daily time frame test the 20 ema after taking a retest from the resistance zone then giving a breakout.
Sector and stock both has closed near the ATH. There is a...
Please refer the image for details:
Please refer the Chart for SL and TARGETS.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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BUY - M&MFIN
CMP - Rs. 259
Target - 1: Rs. 315
Target - 2: Rs. 390
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Technicals - Cup and Handle BO
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This is just a view by an expert analyst, please trade at your own risk.
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M&M Hourly chart shows Bullishness.
Flag & Pole Pattern Breakout possible on upside with Targets 1550+ in 25-120 days.
LTP - 1392
SL - 1365
Targets - 1550+
Timeframe - 15-20 days
The chart is self-explanatory.
upside potential > 10%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
Stock is on an ongoing impulse in daily, weekly, and Monthly timeframes.
Currently in 3 wave of short term. and 5 wave of Long Term.
Stock must be accumulated at every dip. The target zone is marked on the chart.
The analysis is only for educational purposes. Please trade at your own risk
M&M Can Start new Rally based on Weekly charts. Breakout above 1400 will see good ROI on stock for coming few months.
Strict SL can be kept near 1180.
Risk Reward can be good 1:4 for investment done for next 6 Months.
Happy Trading
