M_M
Intraday Trade: wait for Inside candle breakout
buy above 1060 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
M_M Bullish Rectangle Pattern !!NSE:M_M
#NSE:M_M formed Bullish rectangle, Safe players may check post breakout zone,
and experienced/risky players may check support zones for entry points.
All the levels marked for practice only.
Complete April month performance shared for our friends, check out my signature for details.
Happy LEarning !!
MAHINDRA & MAHINDRA -- BULLISHMAHINDRA & MAHINDRA -- DAILY CHART - BULLISH
1. Trendline Breakout seen last closing candle on daily chart.
2. lower channel breakout also seen at last closing candle
3. Bullish crossover seen .
4. RSI Above 60 level currently 67 level
5. MACD above center and signal line
6 price above 50, 200 SMA
BUY MAHINDRA & MAHINDRA @ 857
target 900-1000 +
Stop loss 735
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** TRADE AT OWN RISK .!
HAPPY TRADING . !! 100th idea ...THANK YOU . !
Bullish Butterfly Observed In M&MThis is one of the bullish harmonic pattern which is called bullish butterfly. Its also called XABC pattern which is auto enabled in trading view.
Harmonic pattern basically based on Fibonacci retracement. This is a very complex pattern to understand thats why accuracy of trades are higher comparative other patterns.
PRZ - 798-799
SL - 783.9
Target - 821/836/848/860
Expecting a Bullish Move in MAHINDRA & MAHINDRAOn the 1 Hour Chart of MAHINDRA & MAHINDRA, we can witness a beautiful Formation of "Bullish Harami" on the downside levels. Therefore, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to face a resistance initially at around the levels of 853.60, 868.90, and 885.60. In addition to this, the stock may face a support at the level of 814.95, on the closing basis. Closing Price (as on 14.12.21) : 836
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
M&M : AnalysisNSE:M_M is trading around 850 revels which is shy above Fib's Golden retracement level. The possibility of Upmove is good as well as consolidating for a few more days, buyer's accumulation will lead to upward momentum.
Market might move up till the demand zone is attained. Another possibility is Breaking down to supply zone. Chances of happening so is thin but possibility is their because of the current market scenario where NSE:NIFTY and NSE:BANKNIFTY both are falling good every day. If NSE:M_M sustains this period then upward momentum will come soon and we can see all-time highs very soon.
The imbalance zone between the rise and fall has been covered up by the market as of now, let's see what it brings on next trading session.
PS: NO analysis is 100% follow your RR and trade with head in the game.
PPS : I'll update as soon as I get into this trade.
M&MM&M, This stock has taken support from lower Bollinger band and 40DEMA in daily time frame.
This stock has given breakout from resistance trendline in daily time frame along with good intensity of volume, also same candle closed above 20DMA.
Wave structure is also suggesting and supporting same view to go long.
Indicators supporting are mentioned below in snap shots.
Overall, one can go long with mentioned stop loss in the chart.
Weekly MACD is positive, uptick and above zero line
Daily MACD is now uptick above zero line and converging towards positive
rsi in weekly is uptick above 60 levels
rsi in daily is uptick above 60 levels
dmi adx is positive ungali setup in weekly
dmi adx is converging towards positive ungali setup in daily
Breakout with good intensity of volume in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
M_M - Potential Cup & Handle formation - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.