for educational purpose only - m&m is making head & shoulder pattern short at 1298 sl 1318 tgt 1230
M&M Forming a triangle with support taken multiple times at 1310 area. Watch out for breakout/breakdown. Biased towards breakout for quick rally to 1380-1400.
for educational purpose finally m&m breakdown in head & shoulder with good volume. mid term target is 1278 with sl of 1316.
for educational purpose it is showing head n shoulder pattern breakdown below 1302 with volume then short with sl of 1320 with target of 1280
FOR EDUCATIONAL PURPOSE PRICE AND RSI MUST SHOW SAME TREND TO GET A GOOD UPTREND. BUT PRICE IS MAKING HIGHER HIGHS AND HIGHER LOWS BUT RSI IS NOT FOLLOWING SAME PATH. A SHOOTING STAR DOJI (INDECISION) AT THIS LEVEL MEANS PRICE NEEDS TO CORRECTED WITH SHORT DOWNTREND OR SIDEWAYS TRADING ZONE. SHORT BELOW 1310 WITH SL OF 1326.7 FOR 1283 N 1256
Stock has been in a trading range for a while now. This range comes across as Wyckoff Re-accumulation. for this hypothesis to be valid, price must swiftly breakout above the high of the trading range and keep marching higher via green wide-range-bars.
M_M will give a long Breakout Above 1183 it can go to level Upside level- 1195.80 downside safe level- 1178.20
M&M fin has formed buyer reversal on weekly chart bull has taken control at 61% retracement ment level. go for long target 314 on next week. 38% level on fib retracement wish you happy trading enjoy this trade
M_Mfin is giving a short breakout below 275.20 for the downside level upto 271/266 if do not break 278.30 on upside
I'm not sure why, we are getting back to back breakout trades today morning, sharing few of those with you. Yet to check Nifty chart, may be we will have breakout there also.We can see from chart how long M_M is within that rectangular range and looking for breakout. It will be positional trade, so breakout also takes time if M_M moves to upside on pullback.We...