M_M
Mahindra & Mahindra - Potential Bullish ScenarioKey Highlights:
1. Bullish market structure
2. Trendline breakout
3. Bullish above 785
4. Support zone: 736-753
5. Target: 816, 865, 911, 952
6. Stop loss: 730
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
M_M Channel ConsolidationNotes
Been in a very tight channel consolidation since 1st of June (797-820). Could give a good move on breaking either of these levels.
Both long and short term MAs are currently converging which is further decreasing the range of movement within the channel.
Volumes are also declining during the consolidation.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
M&M YUM & YUMTake trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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#DREDGECORP CMP428.25 Target 480 #ModiSpeech #PMModi #ADANIGROUPWeekly Chart
#DREDGECORP
NSE: DREDGECORP
Short Term Quick Profit
CMP 428.25
Target: 480
SL : 402
Timeframe < 45 Days
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Mahindra & Mahindra - Failed BO or Upswing ?Stock has been testing the long time S&R zone and in last 2 sessions has bounced from it with good volumes after making triple bottom.
INTRADAY - If stock opens around 800, gives TL break out from bottom to top and sustains above 805.50 then can target for 820 levels tomorrow. On the flip side if stock opens big gap up - around 805 levels and first 15 minute candle closes below 788 with good volume then can target 775,770 levels
SWING - Daily candle close above 805 can easily give targets of 830, 838 in coming days.
P.S. Opening of stock is important, keep the levels in mind.