MAHINDRA & MAHINDRA INTRADAY TARGET ARE GIVEN AND SECOND TARGET ALSO GIVEN IF NOT TAKEN SUPPORT ON TRENDLINE STOP LOSS 537.10
BTST TRADE IN M&M !!(DEC FUT)!! VIEW:- -SHORT COVERING -SCALPING WITH MOMENTUM -GOOD RISK-TO-REWARD RATIO TRADE VIEW DEC FUT BUY@545 STOP@537 TARGET@558 LOT:1000 QTY:2
#M_M Down side-channel working very nice in Daily and weekly TF
HNS and broked major trendline downside can see more downfall if broked major support good risk reward ratio {may retrace}
Monthly gives a clear bearish picture as price has fallen drastically from Aug 2018 to Aug 2019. Then, it has made a shallow bounce back to test the support turned resistance zone. In the weekly, a good upper wick rejection is made at weekly resistance last week which gives a weak bias. Similar story is with Daily, price rejected Weekly zones with big red candles....
BTST TRADE IN M&M VIEW :-TESTING ITS 100-EMA :-SUPPORT LEVELS ARE NEAR :-TRENDLINE SUPPORT TRADE IN 28TH NOV FUTURE CONTRACT BUY@588 STOP@582 TARGET@600 LOT:1000 QTY:3
MOMENTUM TRADE IN M&M VIEW :-MOTOR COMPANIES ARE SEEING BUILT-UP :-RISE IN OI+RISE IN PRICE+RISE IN DELIVERY VOLUMES :-LOOKS LIKE ITS ON THE VERGE OF TESTING ITS 200-DMA AROUND 625 :-IT HAS BROKEN THE CRUCIAL RESISTANCE OF 603 :-PRICE AND VOLUME BREAKOUT CANNOT BE RULED OUT TRADE IN FUTURES 28TH NOV CONTRACT LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE...
wait till it reach the support zone near 367, SL 364 may reach 390 to 400
M&M (Mahindra & Mahindra Limited) BUY ABOVE 573
BUY above 560 SL 558 Targets 562, 565, 570, 575, 580, 585, 590, 595, 600 OR M&M 31OCT 560 CE (₹22.65)
NSE:M_M Short for 490 & 420 SL 570
M&M (Mahindra & Mahindra Limited) BUY ABOVE 536
Bulish Divergence IN M_M Buy Above 527 wit SL of 517 for Target of 537 & 543 and more
M&M (Mahindra & Mahindra Limited) SELL BELOW 510
There is excess which i alway prefer to trade. An excess is at value high therefore i suggest you to short this stock at higher level such as 680 nearby. This is holding call for 10-17 days for target 638-607.