NIFTY AUTO - short-term uptrend
1. For the swing traders, it's on the short-term uptrend for all auto stock. capitalize it.
2. it may hit in a day and reverse back or in a week based on the rising wedge resistance.
3. Concentrate on M&M, MRF, Maruthi, and TIINDIA for quick running.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for...
Seeking 50% target by end of this year. Target level 1500-1600, RSI crossing above 70 on monthly/weekly and on daily about to cross 70, Mar 2022 was the best time to enter in stock when it took the support of EMA 200 on Weekly chart around 730..It has already given almost 50 % return since then, now heading towards it channel resistance around 1500-1600.
NSE: MAHINDRA &MAHINDRA
If Breaks Then The Targets could be Taken at 914.20
Time Frame :- 1 Hour
Patterns Name :- Elliott Wave
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
BTW Like and Follow if you like this awesome...
Coming out of a 28 week consolidation, where it also formed the inverted head and shoulder pattern, the stock broke its 4 year high on the week ending 30 May. Subsequently, in the following weeks it retraced back to its breakout level before bouncing back to settle at 1072 this Friday.
The stock is above the key weekly EMAs of 10, 20 and 30, in uptrend and a...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
For broader view - see this image
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...
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...
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 !!
In a 1 Hour Chart we can see 910 as a strong resistance. Over all view is given in the chart. Please do your own analysis before investment. Its purely Technical Call.
MAHINDRA & 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...
This 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
